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ARTICLE · 18 APRIL 2007

25 Tips For Business Year-End Tax Planning

HLB Mann Judd
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There are a number of end-of-year tax planning issues and strategies all businesses should consider between now and 30 June.

AustraliaTax
Mark Pizzacalla
Mark Pizzacalla

There are a number of end-of-year tax planning issues and strategies all businesses should consider between now and 30 June.

Taking action before the end of the financial year can save a business considerable tax.

Following are twenty five points to check, but probably the most important is to see your tax adviser who can relate the various opportunities to the particular circumstances of your business.

Timing issues

Generally, it is advantageous to defer income until after the year end, and to claim deductions in the current income year.

Dividend payments

Consider the timing of year-end dividend payments, particularly in light of the new Simplified Dividend Imputation rules.

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