Last Chance! Things to do before 30 June 2015
Category : Practice Updates
Make a Superannuation Contribution
If you have not already done so, ensure you have paid your superannuation contributions prior to 30 June 2015.
Remember, you will not be entitled to a tax deduction if the superannuation fund does not receive the contribution prior to 30 June!
Withdraw your Superannuation Pension
If you are in Pension Phase, please ensure you have met your minimum pension withdrawal requirement prior to 30 June 2015.
If you are unsure of your withdrawal requirement please contact our office.
Purchase New Business Equipment
Following the recent budget announcement, small business owners can now obtain an immediate tax deduction for all business assets purchased for less than $20,000 (excluding GST).
Just to be clear, it doesn’t make sense to go on a spending spree just to get a tax deduction, but if you were already considering purchasing a new asset for your business now is the time to do it!