Blog & Resources

Reduce your tax - 9 things to consider for 2020 tax planning.

Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2020 financial year.

9 areas to consider:

1.    Reducing assessable income.

2.    Increasing your deductions or tax offsets.

3.    Diverting Income.

4.    Selecting an appropriate tax vehicle.

5.    Deferring capital gains events.

6.    Moving money into lower tax structures, i.e., Superannuation Funds

7.    Reviewing your asset register;

8.    Reviewing your stock ledger;

9.    Reviewing your debtors ledger for bad debts.


If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
Phone +61 3 9428 1062

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