All to often individuals and businesses do not leave enough time to make informed decisions about managing potential tax liabilities and maximising wealth creation opportunities before the end of the financial year.
Last minute rushes have the ability to lead to inappropriate or risky advice as proper review and research has not been done to ensure the best things have been done.
If you are in business - look at your Profit & Loss - if there is a profit at the bottom line then there will be a tax bill for someone. You can look at ways to utilise the profit to cover a tax deductible expense that will add to your long term wealth creation.
If you are a wage or salary earner you can look at paying 12 months interest in advance on a loan to fund an investment portfolio. Getting the benefit as soon as you lodge your tax return.
Once 30 June is reached it is to bad so sad - tax will be payable and an opportunity to create wealth efficiently forever. Make the most of your hard earned income - act now!
Email us at empire@lips.net.au to find out how you can get on the road to a better, wealthier future.
Regards
Damian Ebzery B.Bus M.Bus AFPA ASA
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