With 30 June quickly approaching, now is a good time to assess your current position and ensure your year-end strategies are in place.
The fact sheets attached below highlight some of the key tax law changes that have taken effect thus far in the 2017/18 income year, and the changes that will shortly take effect which may impact on your personal or business year-end tax planning decisions.
Our aim is to make the planning process as simple and effective as possible for you. We have summarised some of the important considerations in our EOFY fact sheets attached, covering off on common year-end issues for your general reference. We encourage you to seek further advice from your adviser if you believe these changes will impact you.
It’s worth noting that additional tax changes that may impact you are likely to be announced in the May 2018 Federal Budget, of which we will provide a comprehensive update.
Note: some of the changes identified are still in Bill form and have not yet passed through Parliament. You should obtain further advice about the status of the changes if you believe they will impact on your affairs.