The end of the financial year is fast approaching on 30 June. To get the best tax outcome for your business, you should look at a few things now:

• Instant Asset Write-Off: If you’re planning to purchase equipment, ensure it is “first used or installed ready for use” by 30 June to claim it this year.
• Super Contributions: Consider making personal super contributions before 30 June to reduce your taxable income.
• Stocktake: Plan your end-of-year stocktake for the close of business on 30 June.

Let’s book a quick chat to see which strategies will work best for you.