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As a business owner you have forgone the security of steady employment to follow your passion and control your destiny.

You are taking a risk and therefore you should be rewarded, one such reward is the ability to legitimately minimise your tax with tax planning.

There are many ways that your tax can be minimised from distribution of income amongst family to timing of income and expenses and taking advantage of the instant asset write off.

Tax planning is not a one size fits all situation and for this reason it is important you prepare interim accounts to assess your options; many tax planning activities cannot occur after financial year end.

Take the opportunity now before the end of financial year to asses your tax planning opportunities and avoid an unexpected tax bill.

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