The first Tuesday in May saw an unprecedented interest rate drop by the RBA on the same ay as the Budget Announcement. These were followed by the announcement of the Federal election, resulting in a Federal government currently in caretaker mode. As we head in to the last few days of the financial year, we hope you have attended to any of your year-end tax planning. If you have not addressed any of these strategies as yet, and want to discuss what is available to you, call us now. A few strategies to think about include:
- Take advantage of the $20,000 instant write-off threshold for small business;
- Pay your income protection insurance in advance; and
- Review all your debt and consider pre-paying tax deductible expenses.