The difficulty is that for most businesses, tax is a significant outlay – so it makes sense to ensure you ONLY pay as much as you need to.

Australia has a long history of tax minimization tactics – activities primarily focused on reducing tax - and there are several safe ways to ensure you only pay what you are required to pay, without avoiding tax. This calls for a sound tax planning strategy and a shift in mindset, from one of generating a return to one of acquiring appreciating assets. The best strategy is to a) ensure your business focuses spending on a primary income-generating purpose and b) apply some simple strategies to maximize tax benefits.