Business Owners: Do THIS To Save $100K in Taxes Before EOFY
🔗 Book an appointment here: https://boxas.com.au/book-meeting/ Need cloud accounting software? Sign up for Xero: https://xero5440.partnerlinks.io/boxas (This is an affiliate link, and I will make a small commission at no extra cost to you.) Most business owners leave end of financial year tax planning too late, and miss out on MASSIVE tax-saving opportunities. That's why in today's Deep Dive, I'm showing you the complete EOFY tax planning strategies that I share with my clients and staff. CHAPTERS: 00:00 - Intro 00:42 - 3 Ways to Minimise Taxes 05:41 - Prepaying Eligible Expenses 11:03 - Increasing Superannuation Contributions 19:03 - Utilise the Instant Asset Write-Off 21:55 - Tax Deduction from Paying Employee Superannuation 24:00 - Write Off Bad Debts 27:51 - Review Division 7A Loan Agreements 33:31 - Trust Distributions Resolutions 35:31 - Reviewing Your Structure 45:09 - Recap 47:50 - Division 293 + Childcare Subsidies 51:38 - Unused Concessional Cap Amount 52:25 - Director's Loan 53:39 - How Much Money Do You Need Personally? 57:52 - Consider Past Losses in Your P&L 58:28 - Outro — Thank you for watching this video. I post videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy the video and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful! — ► Subscribe to my channel here:    / daviemach  — Davie has over 15 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients. Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses. He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales. — Follow Me: LinkedIn:   / davie-mach  Instagram:   / boxas_syd  Facebook:   / boxadvisory  Website: https://boxas.com.au/ TikTok:   / boxadvisory  — Disclaimer: This video is for informational purposes only and should not be considered financial or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding investments.