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2019 EOFY Tax Planning Strategies for SME’s

Strategies to consider by 30 June include claiming deductions for the instant asset write-off (increased to $30,000), prepayments, superannuation contributions, writing off slow moving or obsolete stock, and certain expenses incurred but not paid at 30 June. We also discuss deferring income and capital gains and the importance of making valid family trust distributions.

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