ARTICLE · 15 JUNE 2011

Year End Tax Planning - 30 June 2011

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With 30 June 2011 fast approaching we discusses some of the matters to be considered.

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Year end tax planning – 30 June 2011

With 30 June 2011 fast approaching, this edition of MTN discusses some of the matters to be considered as part of your business year end tax planning. The list of matters is not intended to be exhaustive. We would be pleased to discuss these and other matters with you in more detail.

General action items

Trading stock

Identify unwanted stock that may be scrapped or discarded before year end so that it is not on hand for tax purposes.
When reviewing the method of valuing stock for tax purposes (cost, market selling value or replacement value) you should also identify items that can adopt a lower value resulting from obsolescence or other circumstances

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