End Of Year Tax Planning Checklists

The personal income tax scale remains unchanged in 2019-20 from the previous year.

From 2018-19 the 32.5% ceiling was expanded from $87,000 to $90,000, and the low and middle income tax offset introduced, co-existing with the low income tax offset.

During the 2019-20 year, business depreciation write-off rules were liberalised as part of the government’s Covid-19 response measures.

The expanded write-off limits for instant asset claims revert to $1,000 after 30 June 2020. A separate initiative “Backing Business Investment” provides for accelerated depreciation and runs for 2 years to 30 June 2021.

See summaries of the depreciation measures here.

Other new or changed measures for the 2019-20 year are summarised here.

2020

• 2020 end of year tax planning strategies – Hunt & Company
• COVID-19 impacts on year-end tax planning. Considerations for 30 June 2020 – Pitcher Partners
• 30 June 2020 Year End Tax Planning – UHY Haines Norton
• Year end tax planning in a pandemic: this year’s top 10 “must-dos” – McCullough Robertson
• Year end strategies 2020 – HLB Mann Judd

2019

• Tax Tips 2019 – CPAA
• How to be in good tax health by 30 June -Nexia
• BDO 2019 Year End Tax Update – BDO
• 2019 Year End Tax Planning Guide – Sheridans
• Tax planning toolkit for 30 June 2019 – Pitcher Partners

2018

• 2018 EOFY Tax Planning Checklist – Moore Stephens
• BDO 2018 Year End Tax Update – BDO Australia
• Tax planning toolkit for 30 June 2018 – Pitcher Partners
• End of year 2018 SMSF issues – Tax Institute blog
• Essential Tasks at End of Financial Year (EOFY) – business.gov.au

2017

• 2017 EOFY Tax Planning Checklist – Moore Stephens
• BDO 2017 Year End Tax Update – BDO Australia
•  Year End Tax Planning Toolkit 2017 – Pitcher Partners
• Checklist of Tax Changes Taking Effect in 2016/17 – Wolters Kluwer

2016

• BDO 2016 Year End Tax Update – 1 July 2016
•  Year end tax tips 2016 – CPA Australia – 20 June 2016
•  Year End Tax Planning Toolkit 2016 – Pitcher Partners – retrieved 22 June 2016
• Your SMSF year-end checklist 2016 – see SuperMate.com.au – retrieved 29 May 2016
•  2015/16 Financial Year End Tax Strategies – Bantacs – retrieved 29 May 2016

2015 and earlier

• 2015 Year end Tax Bulletin and Tax Planner – BDO – retrieved 17 June 2015
•  2014/15 Financial Year End Tax Strategies – Bantacs Accountants – retrieved 10 June 2015
•   Year end tax planning tool kit – editable PDF – Pitcher Partners – retrieved 10 June 2015
•  Year end tax planning 2015 – business and investors – Crowe Horwath – retrieved 1 June 2015
• SMSF deductions & year end checklist

See also:

• Looking For Tax Deductions?

 

 

This page was last modified 2020-06-16