PLAN NOW AND SAVE!
Tax planning, if you’re not up with the lingo, is simply understanding in advance what your tax may be, taking steps to reduce your tax liability and managing your cashfow to cover for the tax. It’s important to understand it’s impact on your cash flow and have strategies in place to best manage it.
Get together with John and work through your figures to estimate your net profit. We’ll then look at steps to reduce your taxable income, resulting in less estimated tax payable. We also take a look at the business operations moving forward, rather than 12 months later when it’s too late!
For tax planning to be timely and worthwhile, we need to have your information in by mid May so get in now and book a tax planning session with John today.
Here at Sciacca’s Accountants + Advisers we’re proud to be a part of our local community. We’ve currently got an ad featured in the Jett’s McDowall newsletter that we thought we’d share with you. Let us know what you think and as always, if you want to organise to have a chat with John or the team about your finances, get in touch.
A phishing email claiming to be from the ATO is currently circulating.
The email claims that the recipient is entitled to a tax refund and states they should click the embedded link and complete the online form.
Do not click on the link inthe email as it opens a fake webpage that will attempt to obtain your tax file number.
The ATO will never email you asking for personal or credit card details and you should never provide this information. If received you should delete the email immediately.
More info from ATO
If you have any questions, please don’t hesitate to give us a call on (07) 3357 5553.
It’s that time of the month again..
Small Businesses remember to lodge your BAS by 28th October.
Did you know if you lodge your BAS through a Tax Agent you get an extended due date until 25th November?
If you would like some assistance lodging your BAS this quarter give our office a call (07) 3357 5553.