SlideShare a Scribd company logo
SMALL
BUSINESS
CONCESSION
CHANGES
REVISIT SUPER/
RETIREMENT
PLANNING
CURRENCY
RISK
RISK
REVIEW
RISK REVIEW
Pay your super
before 30 June.
Paying staff super
locks in your tax
deduction for the
current year.
Provide employee
benefits but no FBT?
Lodge nil return to
limit the ATO review
period.
The ATO is targeting
related parties’ loans
to SMSFs. Ensure
these loans are
reviewed.
Document trust
distributions prior to
30 June. Retain some
income to limit the
ATO review period.
Maximise
benefits from
small business
concession
changes in the
budget.
These rules have
changed. Is it time to
begin building wealth
outside the super
system as well?
The AUD appears to
be in for a tumultuous
year, how can you
limit the risks of
currency fluctuations?
In the year of the
tax audit, do you
know where your
bodies are buried?
$20k immediate
asset write-off if
turnover <$2m.
Consider delaying
purchases until July if
turnover is between
$2 - $10m.
SUPER
CONTRIBUTIONS
SMSF
BORROWINGS
TRUST
DISTRIBUTIONS
SMALL BUSINESS
ASSET WRITE-OFFS
FRINGE
BENEFITS TAX
DISCLAIMER: This publication contains general information only and is not intended to constitute financial advice. Any information provided or conclusions made, whether expressed or implied, do not take into
account individual circumstances. It should not be relied upon as a substitute for professional advice. Pilot is a trade mark of Pilot Partners Pty Ltd ACN 105 267 061 ABN 58 144 064 946 Liability limited by a
scheme approved under Professional Standards Legislation.
pilotpartners.com.au
ALL ROADS LEAD TO PILOT.
If you have questions or would like assistance with your business and tax planning, please contact Murray Howlett from Pilot’s
Tax Services division on (07) 3023 1300 or mhowlett@pilotpartners.com.au. To read more go to pilotpartners.com.au.
THE ROAD TOWARDS YEAR-END
PLANNING AND BEYOND
BUSINESS PLANNING FOR 2016/2017
JUNE
30
BEFORE JUNE 30

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The Road Towards Year-End Planning & Beyond

  • 1. SMALL BUSINESS CONCESSION CHANGES REVISIT SUPER/ RETIREMENT PLANNING CURRENCY RISK RISK REVIEW RISK REVIEW Pay your super before 30 June. Paying staff super locks in your tax deduction for the current year. Provide employee benefits but no FBT? Lodge nil return to limit the ATO review period. The ATO is targeting related parties’ loans to SMSFs. Ensure these loans are reviewed. Document trust distributions prior to 30 June. Retain some income to limit the ATO review period. Maximise benefits from small business concession changes in the budget. These rules have changed. Is it time to begin building wealth outside the super system as well? The AUD appears to be in for a tumultuous year, how can you limit the risks of currency fluctuations? In the year of the tax audit, do you know where your bodies are buried? $20k immediate asset write-off if turnover <$2m. Consider delaying purchases until July if turnover is between $2 - $10m. SUPER CONTRIBUTIONS SMSF BORROWINGS TRUST DISTRIBUTIONS SMALL BUSINESS ASSET WRITE-OFFS FRINGE BENEFITS TAX DISCLAIMER: This publication contains general information only and is not intended to constitute financial advice. Any information provided or conclusions made, whether expressed or implied, do not take into account individual circumstances. It should not be relied upon as a substitute for professional advice. Pilot is a trade mark of Pilot Partners Pty Ltd ACN 105 267 061 ABN 58 144 064 946 Liability limited by a scheme approved under Professional Standards Legislation. pilotpartners.com.au ALL ROADS LEAD TO PILOT. If you have questions or would like assistance with your business and tax planning, please contact Murray Howlett from Pilot’s Tax Services division on (07) 3023 1300 or mhowlett@pilotpartners.com.au. To read more go to pilotpartners.com.au. THE ROAD TOWARDS YEAR-END PLANNING AND BEYOND BUSINESS PLANNING FOR 2016/2017 JUNE 30 BEFORE JUNE 30