COVID19 - Business Continues During Stage 4 restrictions
Lowe Lippmann Chartered Accountants
COVID19 - Business continues during Stage 4 restrictions
Lowe Lippmann Chartered Accountants and staff continue to work remotely, despite the business restrictions which come into effect midnight tonight, Wednesday 5th August 2020 forcing the office at 616 St Kilda Road, Melbourne to be closed for six weeks.
All Partners and staff continue to work from home remotely and and are available to assist you.
You can continue to call our office number and your call will be relayed to the person you wish to speak to.
If you want to pay your account, please visit our website and PayOnLine securely.
Adhere to the restrictions and stay safe.
A strategy often used to reduce taxable income (and, in turn, tax payable) in an income year is to bring forward any expected or planned deductible expenditure from a later income year. However, any individuals with potentially reduced income for the 2026 tax season may want to instead consider deferring any deductible expenditure (if possible).
Many business clients like to review their tax position before the end of the income year and evaluate any strategies that may be available to legitimately reduce their tax. Traditionally, year-end tax planning for profitable small businesses is based around accelerating deductions and deferring income. The Year End Checklist in the link below explains some common strategies that may be considered for all business taxpayers.
Year-end tax checklists for Individuals and Businesses We have recently prepared two Year End Checklists which help explain some common strategies that may be considered for Individual and Businesses taxpayers. Year End Checklist for Individuals – click here Year End Checklist for Businesses – click here
