The EOFY Is Fast Approaching

  • Immediate write off available for business assets costing less than $20,000.
  • Superannuation contributions for staff made prior to 30 June are deductible in this financial year.
  • Check your stock for any obsolete items
  • Check your debtors for any debts that may have gone bad.

  • The cap for Concessional Contributions into Superannuation in the 2017 FY is $35,000 if you are over 49 and $30,000 if you are under 49  – remember this cap includes any Superannuation Guarantee from employment.
  • A tax deduction is available for the prepayment of interest on deductible lending for investments.
  • A tax deduction is available of the prepayment of any work related subscriptions/memberships
  • A tax deduction is available for the payment of any work-related expense before 30 June including tools, uniform etc…

Please contact your BKM representative before 30 June to discuss how any of the above points raised above affect you.

DFK Benjamin King Money, trusted advisers for nearly sixty years and counting.”

At DFK Benjamin King Money we are committed to providing premium business and financial advice. We have a highly-skilled and enthusiastic team dedicated to meeting this commitment. The financial well-being of our clients is paramount.

Contact

Level 3, 689 Burke Road
PO Box 1163
Camberwell, Victoria 3124
Australia
Telephone: 03 9804 0411
Facsimile: 03 9804 0422