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Monthly Archives: July 2014

Minimise your taxation liability 2014

Written on July 24, 2014 at 11:54 am, by

To minimize your taxation liability for the current year, some options are: Delay deriving assessable income (i.e. payment after 30 June can mean income is treated as next year’s) Bring forward paying deductible expenses or losses pay next year’s expenses (beware of the 12 Month Rule) Move income to a taxpayer with a lower marginal […]