If you're a small business owner, here are a few ideas to reduce your tax burden and clean up those books before 1 July 2019.

Consider deferring some income . Your sales are counted as taxable income from the date you produce an invoice; not when you receive the payment. If you can delay producing an invoice till after 30 June, it wont become taxable income till next year.

Can you prepay some expenses? You can prepay expenses like rent, travel, supplies before 30 June and claim the deduction in the current year.

Check your accounts receivable/debtors. If there are any debtors that are becoming doubtful, write them off. No point in including them in your sales for the year if they are not going to pay. You can always add them back next year if they do make payment.

Pay your employee's super before 30 June, otherwise you can't claim the deduction till next year. Same with any employee bonus you pay.

If you have stock/inventory , do a stock take and write off any old/damaged stock. The lower your inventory level, the lower your profit.

Consider whether you need any plant and equipment, or vehicles, in the next couple of months. Any purchases less than $30k are eligible for an immediate write off, so bring the purchase forward to before 30 June and claim the write off now.