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5 Tax Planning Tips for Small Business Owners

05/10/2025 08:38 PM

5 Tax Planning Tips for Small Business Owners

Good tax planning isn’t about avoidance; it’s about smart, proactive decisions that reduce liability while keeping your business compliant. For Australian SMEs in 2025, the tax landscape is shifting with ATO crackdowns, changes to deductions, and new thresholds. Here are five strategies every business owner should consider. Take as a business to bring a real mix of talent into the company.

1. Use the $20,000 Instant Asset Write-Off

Small businesses can immediately deduct eligible asset purchases up to $20,000 until 30 June 2026. Equipment, vehicles, and office upgrades are all potential investments that reduce taxable income.

2. Prepay Expenses

Prepaying rent, insurance, or subscriptions before year-end allows you to bring forward deductions and lower taxable income.

3. Maximise Super Contributions

Employer contributions are compulsory, but additional concessional contributions can reduce personal tax while growing retirement savings.

4. Review Business Structure

The right structure — sole trader, company, trust, or partnership — can save thousands. For instance, companies benefit from capped tax rates, while trusts provide flexibility in income distribution.

5. Stay Compliant

With the ATO issuing record Director Penalty Notices and ramping up audits, compliance is more critical than ever. Avoid penalties by lodging on time, keeping records, and seeking advice before making changes.

Tax planning is about taking control year-round, not just in June. With the right strategies, you can free up cash, reduce liabilities, and create opportunities for growth.

RBizz Corporate Accountants can help you build a proactive tax strategy tailored to your business goals.

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