End of financial year is a busy time for small business owners with bookkeeping and tax returns in the front of their minds. Planning and putting the hard work in each financial year helps you to be organised when the end of financial year approaches.
Here’s a checklist of some essential tasks for the end of financial year:
There are many different tax deductions you can claim for small business. These can be:
Remember the $20,000.00 Instant Asset Write-Offs government incentive, to reduce your income tax payable, a capital purchase before 30 June 2018 will do the trick. Read more here.
Planning ahead and getting a bookkeeper or an accountant to help with the end of financial year is a great way to relieve the pressure. It’s never too early to start planning for the next year. Many businesses are guilty of only seeing their accountant once a year but having an ongoing relationship with your accountant ensures that you are in a good position come tax time.
The Business Owner’s Diary – where your bookkeeper is always by your side
Check out our #new Business Owner’s Diary just in time for the new financial year! The diary includes important business tax due dates, cash flow tips, bookkeeping tips, and weekly & end of month tasks and to do lists. At just RRP $29.99 including GST + free post, $1.00 of each book sale is donated to the wonderful charity Share The Dignity which supports victims of Domestic Violence. Order your Business Owner’s Diary at the link below.
Click here to learn more!
End of Financial year Package
Balance Books are proud to offer an end of year bookkeeping package to ensure you have everything up to date!
All for for just $275.00 including GST. Email Sally at firstname.lastname@example.org for further information.
XERO Subscriptions Discount Offer
We also have 50% discount off Xero subscriptions up until midnight (AEST) on 30/6/18. If you’d like to schedule an appointment to discuss this further then please do so here: https://calendly.com/balancebooks/15minutephonecall