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With tax season approaching, it's essential to understand the rules for asset write-offs to maximise your tax refund and ensure future business success. Discover how your business can benefit from these deductions.Essential Tax Deduction Strategies for Small BusinessesMaintain Accurate Records: Use the myDeductions tool in the ATO app to keep your records organised.Deduct Bad Debts: If your business can't recover a debt, you may be eligible for a tax deduction for the written-off amount.Prepay C …

The end of the financial year is just under a month away which makes June the time to prioritise any capital investments in your business.The cost of new assets and equipment, as well as cash flow issues often prevent businesses from taking advantage of excellent buying opportunities and tax incentives. Spending money now can help generate returns later down the line, and tax incentives can reduce the cost of any capital investment in your business and alleviate cash flow issues.A range of incen …