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Tax Strategies

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The content of these Tax Strategies is general information only. It is not and is not intended to be taxation, accounting, business, financial, legal or other professional advice and should not be acted or relied upon as such. Specific professional advice should be sought in respect of particular circumstances and requirements, as the information in these Tax Strategies may not be suitable or applicable to particular circumstances and should not be acted or relied upon. The authors have used reasonable endeavours to ensure that the content is correct and current but do not guarantee that it is correct or current and will not be liable or responsible if it is not. In no event will the authors or any related entity of those persons, or any of their directors, principals, agents, employees or representatives, be liable for any loss, damage, costs or expense (whether direct or consequential) incurred as a result of or arising out of or in connection with this content included in it in whole or in part including but not limited to any error, omission or misrepresentation. The authors also disclaim all representations and warranties, including but not limited to, warranties as to the quality, accuracy or completeness of the information of whatsoever nature and warranties of fitness for a particular purpose.

Tax Planning Strategy 77 | Change from Employee to Contractor

Changing from employee to contractor (business) has the benefit of making some private expenses tax deductible.

Tax Planning Strategy 151 | Tax Incentives for Early Stage Investors

Tax incentives for early stage investors will encourage early stage investment in innovative start-ups and should boost growth by fostering new enterprises and promoting entrepreneurship. 

Tax Strategy 161 | Gifts to Clients, Suppliers & Contractors

A taxpayer who carries on a business is entitled to a deduction for a gift made to a former or current client if the gift has been made for the purpose of producing future assessable income.

Tax Planning Strategy 160 | Customer Disputed Amounts

For businesses operating on an accruals basis, income that is subject to a client dispute may be deferred until the dispute is settled.
For businesses operating on an accruals basis, income that is subject to a client dispute may be deferred until the dispute is settled.
For businesses operating on an accruals basis, income that is subject to a client dispute may be deferred until the dispute is settled.

Tax Planning Strategy 159 | Varying Partners Distributions

Both common law partnerships and written partnership agreements allow the partners of a partnership to vary the amount a partner draws as a ‘partner salary’.

Tax Planning Strategy 178 – Auto Reversionary Pension

A reversionary pension is a pension that is paid to a member and on the death of the member continues to be paid to an eligible dependent of the deceased i.e. their spouse or child under the age of 18.




A reversionary pension is a pension that is paid to a member and on the death of the member continues to be paid to an eligible dependent of the deceased i.e. their spouse or child under the age of 18.
A reversionary pension is a pension that is paid to a member and on the death of the member continues to be paid to an eligible dependent of the deceased i.e. their spouse or child under the age of 18.
A reversionary pension is a pension that is paid to a member and on the death of the member continues to be paid to an eligible dependent of the deceased i.e. their spouse or child under the age of 18.
A reversionary pension is a pension that is paid to a member and on the death of the member continues to be paid to an eligible dependent of the deceased i.e. their spouse or child under the age of 18.

Tax Planning Strategy 130 | Sponsorship

Sponsorship will be deductible to a business if its undertake to benefit the business and generate future income. Deductibility is based on the business owner’s intent and not whether the sponsorship actually generates any future income.

Tax Planning Strategy 177 | Utilise the $1.445m CGT Cap

The lifetime CGT cap for 2017/18 is $1,445,000. This is available for capital gains that utilize the small business 15-year exemption or the small business retirement exemption.

The lifetime CGT cap for 2017/18 is $1,445,000. This is available for capital gains that utilize the small business 15-year exemption or the small business retirement exemption.
The lifetime CGT cap for 2017/18 is $1,445,000. This is available for capital gains that utilize the small business 15-year exemption or the small business retirement exemption.
The lifetime CGT cap for 2017/18 is $1,445,000. This is available for capital gains that utilize the small business 15-year exemption or the small business retirement exe

Tax Planning Strategy 171 | Income Splitting

This strategy involves evening up the marginal tax rates between spouses. Tax is saved if income can be moved from the spouse in the highest tax bracket to the spouse with the lowest tax bracket.

Tax Planning Strategy 162 | Endorsement Income

This income is generated by the goodwill asset, rather than by the direct personal exertion of the athlete.