The end of the financial year is approaching fast and now is the time to think about your tax position and to take action to maximise your tax deductions.Take Action Before June 30. For employees, think about making a personal contribution to super (if you meet the eligibility criteria for the co-contribution) and purchasing work-related expenses before June 30. There are many other strategies that you may benefit from depending on your circumstances and eligibility. For business owners, think about paying as many expenses as possible by June30, prepaying interest, insurances etc., making personal contributions to super, pay employee super up to date, purchasing stationery, equipment, motor vehicles and other expensive items now and consider the tax offsets that you might be eligible for. It is in your best interest to do some tax planning now, so please contact me. Here is a handy checklist for small business owners.
We will advise on all accounting and taxation issues, including Super Funds
All bookkeeping or you can purchase your own software and I will work with you
We will manage all your accounting-related procedures for you, or come to your business and give advice
Established businesses, new startups, expansions, takeover, we can help with advice and planning
Need an audit, or being audited? We are here to help and to ensure your BAS statements are prepared and lodged
Tax preparation and auditing of Super Funds
Latest Blog Posts
REVIEW your business sales, expenses, profit and bank balance -monthly at a minimum. COMPARE the budgeted figures with the actual figures and analyse the variances. MANAGE your business by changing your business plan if it is wrong and implementing strategies to improve your business bottom line. QUESTIONS TO ASK YOURSELF:
- What value am I to my customers and can I add more value?
- Can I do it better, quicker or more efficiently?
- What other services can I offer?
- Who am I marketing my products and services too?
- Is this the right market for me or should I target another market?
- Are there any new products or services and can I offer?
START TAX PLANNING STRATEGIES NOW
TAX TIPS 2017 - FINANCIAL DIFFICULTY
TAX TIPS 2017 - Analysing trends to improve business