If you live in Australia, the chances are that either you or someone in your family owns or works in a small business.

Following the popularity of our blog post last week on tax planning, we have decided to continue talking tax in this week's edition of 'News and Views'.

It’s human nature to leave things until the last minute (a quick trip to the shops on Christmas Eve would demonstrate that!)  

But like planning a wedding or studying for an exam, when it comes to maximising your tax return, it really does pay to start planning early.