Tax Tips 2019


Farmers, have you considered...

> Farm Management Deposits | These are a great way of deferring income. 

> Prepaying | Is there anything you can prepay such as fertiliser, fodder or veterinary supplies?

> Write Offs | Items of plant costing less than $30,000 may entitle you to an instant write off in the 2019 financial year.


To our trade business owners...

 > Write Offs |  Any tools or equipment need updating? Take advantage of the $30,000 instant write off you may be eligible for.

> Pre Purchase | Do you need to order some additional materials or need any repairs to your ute? You can do this before 30th June and reap tax benefits.


Everyone in business, did you know...

 > Pre Payments |  Did you know you can prepay 12 months of things such as rent, interest on some loans and in some cases equipment finance and get a deduction in the current financial year? What about prepaying subscriptions, union fees or replacing that old Apple Mac?

> Superannuation + Insurance | Have you considered maximising your superannuation payment? Are there insurance premiums for income protection you can prepay? 

> Donations | If you have a favourite charity, now could be a good time to pass on the good will and make a donation. (this is Jim's favourite)

My Tax Checklist

Download this checklist so you come prepared to your JPA tax appointment.

Never act on this information before confirming this is suitable for your own financial situation.

At JPA we pride ourselves on always being here for you. Our very talented accounting and financial planning teams are always here to help!