If you are
anything like the team at Set4Life, you love the show Shark Tank, it’s great
look at people’s businesses and how others really perceive them at the roots.
‘shark’ on that show is Naomi Simson, she knows her stuff, there is a reason
that Red Balloon has grown to be one of Australia’s great business stories over
the past decade.
does a shark recommend coming up to the end of financial year? Well, funny
enough, it’s all the similar things that we have been saying to clients year
a look at them, from the story at www.news.com.au
It’s not too late to top up your
retirement savings through salary sacrifice.
You can make pre-tax payments
into your super fund of up to $30,000 a year (or $35,000 if you are over 50) at
a tax rate of just 15 per cent rather than your marginal tax rate.
The end of the financial year is
a great time to get a car deal as salesmen have incentives from
manufacturers to clear stock before June 30.
A lot of people start thinking
about tax deductions too late but there is a way to be smart about the end of
financial year if you work from home or incur business-related expenses.
Plan ahead and buy all the
stationary, printer cartridges even pay for broadband and phone plans in advance
of June 30 to use them as deductions this financial year,
Hanging onto shares may be a good
‘‘If you hold shares for 12
months you only have to pay half the capital gains tax on any profit you make
when you sell them,”
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