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TAX PLANNING
With the end of the 2019 income tax year upon us, this issue of Client Alert draws attention to year-end tax planning strategies and compliance issues that taxpayers need to consider to ensure they are in good tax health.
tax relief for individuals and small businesses
In the 2019 Federal Budget, the government announced the following tax relief measures for low and middle-income earners and small businesses.
INDIVIDUAL PLANNING ISSUES
Review any salary packaging arrangements (eg for motor vehicles) to ensure they were entered into before the services have been performed by employees or before salary review time, so that they will be effective.