By implementing a series of tax planning strategies which include bringing forward and pre-paying regular business expenses, delaying your invoices until after the 30th June, utilisising a low superannuation tax environment by contributing personal super contributions (be mindful of the contributions caps), write off certain assets for the instant asset write-off (See limits) and reviewing and writing off bad debts before the 30th June. You can also apply small business capital gains tax concessions and closely monitor and review your current stock to see if any of it can be written off. For businesses or individuals that are invested in properties, Capital Gains Tax (CGT) or other Property Tax strategies can also be applied.