Taxwise Business News - June 2025
Download the full TaxWise News Business June 2025
This month's TaxWise News provides essential year-end tax tips for businesses to help reduce their tax bill before June 30.
Key topics covered include:
- Year-End Tax Strategies: Learn how to reduce your assessable income and increase deductible expenditures, including tips on invoicing, capital gains, and charitable donations.
- Small Business Incentives: Understand the ainstant asset write-off threshold and how to take advantage of it before the end of the financial year.
- Trusts and Companies: Find guidance on Division 7A issues for companies and the importance of trustee resolutions for trusts to ensure effective income distribution.
- Employer Obligations: Get a checklist of upcoming superannuation, PAYG withholding, and Single Touch Payroll (STP) reporting deadlines.
- GST and Other Tax Concerns: Review common GST pitfalls for small businesses and other ATO focus areas to ensure compliance.
- Business Transitions: Discover the tax implications of selling your business or transferring it to family members.
For a comprehensive guide to navigating the end of the financial year and to ensure you're making the most of all available tax advantages, download the full PDF.