The end of the 2016/17 financial year is almost here, so now’s the time to look at Bringing Forward Expenses to minimise your tax.
Purchase consumable items BEFORE 30 June 2017. These include stationery, printing, office and computer supplies.
This could also involve bringing forward deductible expenses such as repairs and maintenance into the current year or prepaying monthly costs such as rent, electricity, insurance, rates, wages and utilities etc. Other deductible expenses may include running and occupancy costs associated with operating a home office.