Once June 30 arrives, the horse has already bolted! Pardon the pun, but we’re sure you know what we mean.
Strategic tax planning involves forecasting your likely tax liability in advance then devising strategies that can be implemented in enough time to minimise the amount of tax you need to pay. These strategies are specific to your individual circumstances, and commonly they include bringing forward or deferring major expenditures and contributing the super which effectively boosts your personal wealth within a tax effective environment. Strategic tax planning also enables you to better manage tax payments as they fall due within the your cashflow big picture.
