The more money you make the more tax you will be asked to pay. That is one of the simplest rules that exist for people in business.
Rather than spending time and energy on finding “write-offs” at the end of the year, to reduce the amount of tax you pay, the smarter approach will always be to put that time and energy into making more money every day in your business so that the size of the amount you get to keep is higher.
To achieve more “write-offs” means to spend more money and it will only fractionally reduce your Tax bill…not always the best approach!
Contact Invision Bookkeeping on (07) 3293 1436 or email us