• Superannuation cap: Many business owners rely on the sale of their business to fund their
retirement and don’t use superannuation effectively. Consider contributing up to the maximum
of $25,000 to ensure you have enough funds for retirement and to receive a tax deduction. If
you simply can’t tolerate the concept of superannuation, then perhaps consider Self Managed
Super.
• Logbooks: Make sure your log books are up to date. For motor vehicles this means your log
book needs to be less than five years old.
• Claim everything you are entitled to: Make sure you know what you can claim. For example
if you are on the road for work (or work outside) you can claim sunscreen so if your foundation,
lip-balm or moisturiser has an SPF factor then you may be able to claim it.
• Credit card/Eftpos your E [