Spare cash sitting around at the end of the financial year. For some, it might seem like an impossible dream. But the reality is as your business matures and you get into that positive cash flow cycle, this actually does happen. When it does – and I promise, it really can – it’s time to… Read more »
As the end of financial year approaches, many small business owners are considering taking advantage of the government’s $30k instant asset write-off. For many SMBs this requires access to finance. However, the Reserve Bank of Australia recently reported one in five small businesses struggle to gain finance from a traditional lender, indicating it’s time business… Read more »
For small businesses, the 2018/19 finish line is in sight. At midnight on 30 June, the financial year ends, the books are closed and businesses report their financial situation to the Australian Tax Office (ATO). Matthew Prouse from Xero provides five tips to help small businesses make the most of this busy time and keep stress… Read more »
There’s a lot of noise and excitement around the End of Financial Year (EOFY) in Australia, and businesses can use EOFY as a great opportunity to engage in one last push before the books finally close on the 2017-18 tax year. Here are a few things businesses can consider to help boost their bottom line… Read more »
With the end of financial year approaching, consumers are looking for markdowns and businesses are hoping to clear excess stock according to new research conducted for marketing services company Salmat. Salmat commissioned the Australian Consumer, Retail and Services (ACRS) research unit to investigate how shoppers prepare for and purchase, during the EOFY sales. The survey… Read more »
With the end of the financial year approaching, it’s crunch time for many small business owners, and it’s easy to get lost in deadlines and paperwork while letting other priorities slide. It’s imperative however not to let go of attention to detail, which can ultimately jeopardise customer acquisition. Focus on the processes you already have… Read more »
As the end of financial year draws near and whilst there are a wide variety of tax deductions open to all small businesses. Professional services Your business could look to claim the following items: New capital equipment such as computers, laptops, phones or office furniture. This can include the cost of refitting the office kitchen… Read more »
MYOB’s John Moss says the survey shows that the timeline for EOFY preparation varies widely between owners.
As the end of the financial year approaches, accounting fatigue is real, but the temptation to scrimp on the detail can harm your business.
It’s the end of the financial year and it’s time to focus on your accounting, complete your tax returns, and plan for the year ahead.
With the end of the financial year on the horizon, the Australian Taxation Office (ATO) announced today that its long time online lodgement tool e-tax has been retired in favour of a new portal.