As 30 June 2025 approaches, now is the time to review your tax planning strategy.
Taking action before year-end can help you maximise deductions, manage liabilities, and position yourself for the year ahead.
Hall Chadwick’s latest guide highlights important considerations for individuals, businesses, trusts, and superannuation funds. Whether you're managing investments, running a business, or planning retirement contributions, there are a range of opportunities worth exploring before the financial year closes.
In this update, we cover:
- For Individuals: Work-from-home claims, investment strategies, superannuation deductions, and managing interest charges.
- For Individuals in Business: Deductibility of interest and managing shortfall charges.
- For Business Entities: Income deferral, expense prepayments, stock valuation, super payments, Division 7A loans, dividends, and writing off bad debts.
- For Trusts: Key year-end resolutions and trust-to-trust distribution strategies.
- For Superannuation Funds: Contribution caps, First Home Super Saver and downsizer schemes, pension strategies, Division 293/296 tax, and preparing for upcoming changes to the superannuation guarantee.
- Small Business: Capital gains tax (CGT) concessions available to small business owners.
If you’d like to discuss how these strategies may apply to your circumstances, get in touch with Hall Chadwick’s Corporate Tax team today.
