Financial year-end tax planning 2008 is one of an annual series of posts we make to help our readers prepare financially for the taxation and other financial benefits to be gained with making strategic investments/ expenditures – and keeping good record of having done so.
The best time to prepare for the end-of-year is now. Here are a number of tax effective strategies that are suitable for a wide range of people and incomes. Financial Year end planning 2008 is of particular importance as the global investment markets continue their downward trend at what is becoming an alarming rate.
If you have made a capital gain during the year due to the sale of an investment asset did you know that the capital gain can be offset by either business losses or carried forward capital losses. Read More
Tax Effective Agribusiness Products
This article has been withdrawn in the November 2013 Update to this article: the referenced products are no longer offered (nor in fact, are they available!). Read More
If you make a personal after tax contribution to your superannuation before the end of the financial year, the government will match your contribution on a three-for two basis up to $1,500. Read More
Establish a Philanthropic Endowment Fund – This is a rewarding experience and is more achievable than might appear at first consideration. Read More
Financial year end planning: Employers making Superannuation Guarantee Contributions
As an Employer you are aware that you must make ensure your Superannuation Guarantee Contributions and Salary Sacrifice Contributions for the June quarter must be made before the 28 July. Read More
Personal Superannuation Contributions
If you are self employed or a partner in a partnership, you can make personal deducted superannuation contributions that will reduce your taxable income for the financial year. Read More
Please Note: This is General Advice only, do not implement without seeking competent professional advice
relevant to your particular factual circumstances.
Wealth management advice
The experienced, professional advisers at Continuum Financial Planners Pty Ltd are available to advise you on your financial year-end planning and can liaise with your Accountant, Lawyer or other adviser to ensure your needs are tailored to your circumstances: to arrange to meet with one of the adviser team, call our office on 3421-3456, or complete the Contact form on our website.
(Originally published a a client-emailed newsletter in May, 2008, this post has occasionally been updated and refreshed, most recently in January 2020.)