You might be wondering why I’m writing about the 2015 tax season which is still another 4 months away. The reason is, too often I’m asked by clients about what deductions they’re entitled to and what else should they be claiming. The quandary with these questions is too often they are asked far too late. Sufficient time should be given to carefully plan and research what tax deductions you are entitled to. In doing this advance planning, prepaying work-related or investment related expenses before June 30 can be done over a longer period of time. From a cash-flow perspective, it’s easier than trying to prepay in a lump sum.
I recommend you start thinking about your tax deductions NOW and not leave it until the eve of the new financial year. I am currently preparing my tips on the top tax deductions for the 2015 year. If you would like to receive a copy click here and my team will email you a copy which becomes available from next week.
Have a great weekend!
Peter and the JPL Team
