As we head towards the End of the Financial Year (EOFY), our thoughts will turn to ‘tax time’ matters. If you’re like a lot of people, you probably won’t start reviewing your finances until after June 30th, potentially missing opportunities to reduce your tax while building your wealth. The best time to prepare for the end-of-year is now. To help you prepare we have identified a number of strategies you should consider prior to 30 June 2014 to assist with your taxation planning. A summary of these potential strategies is listed below.
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