2021 Tax Taps – Pay Your Super Early

Today I want give you a 2021 financial year Tax Planning tip. And that is to pay to your super early, before 1 July 2021 if you can.

There are 2 very good reasons why you should. These are:

Superannuation payments are only tax deductible when paid
For small to medium sized trading companies (with a turnover of less than $50 million) the tax rate drops from 26% to 25% effective 1 July 2021.

Do you want a bigger tax and cash savings this year, vs a lower tax and cash saving that will be a year later? Here is an example if you had to pay $10,000 in super for the June 2021 quarter

That’s why if you have the cash, pay your super early.

If you want some help, contact me below.

If you like this, why not share this with a friend, simply click on one of the icons to the left or below

[simple-social-share]

Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you. In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face. And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.

We promise to keep your email address safe.

Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

If you like this, why not share this with a friend, simply click on one of the icons to the left or below