Tax Planning for Individuals & Sole Traders

Explore tax planning strategies for individuals & sole traders including timing of deductions, concessions and ATO focus areas.

In this session, we cover:

• Tax Planning Strategies for employees

  • Salary packaging

  • Genuine Redundancy payments

  • Work-related deductions

  • Home office expenses

  • Cost of managing tax affairs

• Tax planning Strategies for individuals in business (sole traders)

• Other common strategies

  • Division 7A

  • Tax depreciation

  • Small Business Entity(SBE) CGT concessions