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Hi Everyone,
I have been using tax planning as an individual all my life. So, when I started my business, I knew I needed to get tax planning done in advance to avoid last-minute rush. It is effective in ensuring the taxes are paid on time and there is no issue with the ATO that can lead to penalties. I have been using my bookkeeper to do the task as soon as the financial year begins and it gives me immense pleasure to know that I am able to claim all the deductions and reduce the taxes significantly. Here is an article that will help you understand tax planning.