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