There are many ways in which entities can defer income,nmaximise deductions and take advantage of other tax planning initiatives tonmanage their taxable income. Taxpayers should be aware that they need to startnthe year-end tax planning process early in order to maximise thesenopportunities. Of course, those undertaking tax planning should be aware of thenpotential application of anti-avoidance provisions. However, if done correctly,ntax planning can provide a number of tax savings.
nImportant: Clients should not act solely on the basis of the material contained in Update. Items herein are general comments only and do not constitute or convey advice per se. Also, changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. This update is issued as a helpful guide to clients and for their private information.