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Can I do anything to maximise my tax return this close to June 30?

Penny Wise

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Dear Ms Wise, I’m a slightly (OK, very) disorganised small business owner and June 30 has really crept up on me this year. I know it’s just a matter of days until the end of the financial year but is there still time to do anything to maximise my tax return?

The wisdom: BDO tax partner Mark Molesworth says one tax-saving measure it’s not too late to take advantage of is the small business instant asset write-off, although some political uncertainty remains around its magnitude.

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    Original URL: https://www.afr.com/wealth/personal-finance/can-i-do-anything-to-maximise-my-tax-return-this-close-to-june-30-20240611-p5jksi