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As a small business owner, you're probably always looking for ways to reduce your tax bill.

But it can be hard to know which strategies are legitimate and which could get you in trouble.

Believe it or not, there are plenty of simple and legal ways to reduce your small business tax bill.

However, if you don't know where to start, you could end up paying more than you need to.

In this video, I'm going to talk about a few strategies that could make a major difference when it comes time to file your taxes.

So, whether you're looking for ways to reduce your taxable income or lower your tax bill, make sure to watch this video!

CHAPTERS:
00:00 - Intro
00:33 - Importance of Business Structure
01:28 - Cash Basis vs Accrual Basis
03:06 - Claiming Tax Deductions
04:13 - Timing is Important
04:40 - Concessional Super Contribution
05:09 - Asset Depreciation
06:15 - Final Thoughts



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Thank you for watching this video. I post weekly videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy my comments and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful!

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Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.

Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.

He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.

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DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note, however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.



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