THIS IS A REMINDER FOR THOSE INTERESTED IN TAX PLANNING FOR THE 2023 YEAR

The objective of tax planning is to maximise your after tax income. Good tax planning aims to reduce your tax burden.

Please review below if any of the following apply to you. If so, kindly contact us to discuss if you require tax planning for this year.

• Operated a business which derived (incurred) a profit (loss) during the year? Review your latest Profit & Loss statement.
• Bought or sold any investment(s) e.g. shares, properties, business, equipment etc?
• Received any lump sum payment(s) e.g. salary bonus, inheritance, redundancy, ETP, etc?
• Received any investment income(s) e.g. rent, managed funds, trust distributions, dividends, foreign income, etc?
• Received any untaxed income(s) e.g. allowances, commissions, contracts, etc?
• Have any unpaid compulsory superannuation payment(s) owing to employee(s)/contractor(s) (if applicable)?
• Any employee(s) payments for which no PAYG taxes were remitted to ATO?
• Any outstanding GST not lodged during the year?
• Outstanding shareholder loans owed to the company as at 30 June 2023?

 

If you have any questions, please do not hesitate to contact our office.

Call: 0755804455

E-mail: info@maxaccountants.com.au