Year end tax planning starts now!

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Running Time: 8:22

Date: 01/07/2015

The financial year has finished – so it's time for your clients to put their feet up and relax, right? No! In fact, now's the time to start tax planning.

Your clients will get a much better result if they integrate tax planning with their business activities throughout the year. So says Michael Jones of Cummings Flavel McCormack, who explains for example that they need to consider certain things - like trusts, income and deductions - now, in order to claim tax concessions at the end of June next year. Tax planning now can make a big difference down the track, so tell your clients not to put it off!