As we countdown towards the end of the financial year, here are some some tax planning opportunities to help you optimise deductions.

It can be challenging following up on payment of invoices when the economy has been down, but it is important to keep cash flowing into your business. As with all business dealings right now, there are tactics you can use to help.

The interest deductibility rules have been a hot button issue since they were introduced. They will start to be phased out from the 2024-25 tax year as residential property investors breathe a sigh of relief.

The minimum wage is rising as of April 1, 2024 to $23.14. As an employer, you’ll need to keep up to date with the latest minimum pay rates and pay your employees at least the current minimum rate.

Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.

Want to cut unnecessary costs, optimise the most profitable parts of the business, and increase your overall return on investment? Talk to us about how we can work with you to support your ongoing business profitability.

As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible.

If your Christmas giving includes gifts to clients, remember that some gifts will be fully deductible while others will be only 50% deductible.