Put simply, tax planning is a way of minimising the tax you pay. It’s a process of looking at your complete financial situation and projecting your future income in order to predict your tax liability and take advantage of opportunities to decrease your tax bill before the end of the financial year.
Tags: Business, Employers, Tax Planning, Freelancers, Sole traders, Small business
As you set your financial goals for 2021, don’t forget to think about Super. This year welcomes a series of changes to Australia’s superannuation scheme which are designed to give the employee more power and control over their future retirement investment.
Tags: Superannuation, Employees, Employers, Tax Planning
