Superannuation Yearend Planning
As we draw closer to 30 June 2020 it is important to consider tax planning strategies as well as other administrative duties for your money in superannuation. Contributions Concessional contributions Concessional contributions cap for the 2020 FY is $25,000 and the deposits must be received into the Super Fund prior to 30 June 2020. When […]
Tax Planning 2020 Year End
Business Potential instant asset write off for purchases up to $150,000This has been extended to 31 December 2020 Small businesses can prepay expenses up to a year in advance Superannuation contributions for staff made prior to 30 June are deductible in this financial year. To make these contributions deductible the payment needs to be made […]
