Tax planning helps you determine the most tax advantageous amount to contribute to Superannuation
13/06/2017 by Chris Harris
As a business owner, it is important to make sure you plan for your retirement.
Making contributions into Superannuation are a great way to reduce your taxable income while building up your retirement nest egg.
To be able to qualify for a deduction for a superannuation contribution there are a number of conditions which need to be met.
Also your taxable income and availability of cash are also considerations.
Tax planning is a good way of reviewing your taxable income to determine if putting more money into superannuation is beneficial for you.
To benefit from this for this financial year you will need to act before 30 June, 2017 so if you need assistance on determining whether this is suitable or not just let us know and we would be happy to assist.

