EOFY tips for small businesses

1. Get your accounts in order in a cloud accounting system. Get in touch with us so we can recommend the right software for your business.
2. Get in touch with your accounting advisor now to see if you can take advantage of tax minimisation schemes like the loss carry back tax offset scheme.
3. If cashflow permits, you may consider bringing forward some expenses or purchasing capital assets that will help you save time or generate more money. This will allow you to make the most of the instant asset write-off scheme.
4. Seek an accountant who can translate the tax jargon, COVID schemes and deadlines into plain and simple English.

We’ll help you get ready for EOFY, without the stress. Chat to us if you have any questions.