Tax Hacks

Welcome to episode 10 of The Numbers Game podcast. End of financial year is fast approaching and today we're talking all things tax and how to best optimise your situation.On this episode, we discuss:Reading The Play:Income splitting to make your financial situation betterHow the royal commission has changed the financial planning industryWhy the secondhand car industry is boomingTax implications from selling your carLosing it:Missing out on huge deductionsAsset write-off vs depreciationPros and cons of buying a motor vehicle through your businessEOFY Hacks:Importance of tax planningTopping up your super and saving taxBenefits of a property depreciation reportSaving tax by restructuring your businessWhen to move from a sole trader to a company structureStock balance tax savingsDebt recyclingBucket companies explainedSend us an email: [email protected] Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:Nick Reilly Jason RobinsonMartin Vidakovic Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.