Two tax reduction strategies small businesses can consider this tax time

By Rhiannon Veness
Updated June 21 2022 - 12:15am, first published May 30 2022 - 12:15am
TOP TIPS: Small businesses can consider loss carry back tax offset and temporary full expensing to make the most of their deductions this tax time. Photo: Shutterstock

For small businesses where every dollar counts, the end of the financial year often brings a frantic search for deductions to lower tax liability. Multi-national audit, tax and consulting firm RSM senior manager Cameron Sloan has some general advice for businesses looking to make the most of deductions.