End-of-year tax planning

Don't wait 'til the last minute to start your end-of-year tax planning, warns Michael Jones of Cummings Flavel McCormack. Start now, he says, to take best advantage of the tax rules.

Don't wait till June 30 to sort out your end-of-year tax affairs, warns tax expert Michael Jones. Now's the time to start planning if you want to take best advantage of the tax rules, he says, and he offers a checklist to steer us through the critical areas. He says we should start by drawing a line on 30 June to work out where our payments and deductions should fall. Then, we should factor in other important considerations such as stock re-evaluation, depreciation rates, writing off bad debt, and any foreign exchange tax rules... and which Michael steers us through to make end-of- year tax planning a whole lot easier.Log InSubscribe

Michael Jones CA, Cummings Flavel McCormack