Tax tips from Kelly Pillay 1 Record keeping: Good records give you the best chance of maximising your position. 2 Provide your accountant with a summary: Most accountants charge by the hour. By preparing a summary of items, you can reduce the amount of time they spend and hopefully also reduce your bill. 3 Do it early: See your accountant before June 30 to review and finalise your accounts for the year. Don't leave it until the last minute to lodge your tax return. The longer you leave it, the harder it is to obtain missing information. Personal finance tips from Advocate Private Wealth 1 Income protection: Have appropriate income protection and be able to claim a tax deduction for the premium. 2 Superannuation: Consider the relevance of maximising contributions into superannuation up to the contribution limits. This can help save for retirement and reduce tax. 3 Review: Review debt structures annually to make sure that the structure is as tax efficient as possible on an ongoing basis. 4 Investments: Review investments to make sure that the type of investment, the income and gains are as tax-efficient as possible.