Getting Ready for Tax Planning
Update: 2022-04-20
Description
A conversation with Jarrod Lundie from ProAdvice regarding what is required to get the most from Tax Planning with your accountant from a clients perspective.
- Get the books up to date
- Provide a forecast for expected income and expenses for the remainder of the financial year
- Provide an indication of livestock / crop on hand
- Include a summary of the key business and strategic priorities for the business moving forward (growth, succession, consolidation, other)
Keep in mind issues regarding plant and equipment supply delays, instant asset write off eligibility, super contributions and Div 293, Section 100A trust distributions, FMD's and pre-paid expenses.
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