1. STRATEGY FIVE General Strategies Tax Planning Strategies for 2015

2. General Tax Planning Strategies Key Items that mean $ in your pocket Tax Planning Strategies for 2015

3. How would you like to legally reduce your tax by $500 or $1,000 or $5,000 or more? Here’s how you can do it… Tax Planning Strategies for 2015

4. The Strategy behind Tax Planning The tax you pay depends on your taxable income (all assessable income less allowable tax deductions), and the tax rates that apply to that income. Therefore, your tax is reduced if you: 1. Reduce your income, or 2. Increase your tax deductions Tax Planning Strategies for 2015

5. your income isn’t an option! BUT your tax deductions definitely is. Tax Planning Strategies for 2015

6. Let me illustrate… Buy tax deductible items you need in June, not after. This brings the tax deduction into this year, not the next. Tax Planning Strategies for 2015

7. For Example… Expense: Subscriptions or some consumables like printing and stationery for your business. If you knew you’re going to spend $1,000 on it, instead of spending it in July, spend it in June so at least you can get the tax deduction in June. Similarly with income, if you can defer invoicing any invoices to July, instead of invoicing in June, invoice them in July. That pushes your income out to next year so it reduces the amount that you’d be taxed on. Tax Planning Strategies for 2015

8. WARNING! Don't fall into the trap of buying something simply to get the tax deduction for it. If your tax rate (including Medicare Levy) is say 34.5%, you would only get 34.5% of the purchase price back as a tax refund (or reduced tax payable) from a tax deductible item. You DON'T get 100% of the amount that you spend back as a tax refund (or reduced tax payable). But if you need it – buy it BEFORE 30 June to get the deduction. Tax Planning Strategies for 2015

9. Tax Planning Guides Review these two tax planning deduction guides... 12 Ways to Reduce your Tax – Individuals 2015 Business Tax Planning Strategies Visit [website address] to review Tax Planning Strategies for 2015

10. What we will do for you Contact you soon to review these flyers with you, and answer your questions. Review your circumstances and deductions. Prepare your tax planning report and meet with you to discuss your options! Call us on (03) 9583 0550 to get started Tax Planning Strategies for 2015