As the End of Financial Year (EOFY) fast approaches, we encourage business owners to get their financial paperwork signed, sealed and delivered well before tax-time and reap the rewards over the long-term.
Failing to organize business finances prior to the June 30 deadline may result in extra stress for you which you can live without.
Past experience indicates Businesses that take action prior to July 1 put themselves strides ahead of their competitors and allow them to take a proactive approach to the year ahead.
Our Senior Consultants have come up with some helpful tips,
Our Top 5 tips:
1. Make Superannuation Payments early
2. Write off Bad Debt
3. Conduct a Stocktake
4. Prepare for End of Payroll Year
5. Backup your data
Preparing for EOFY
As the End of Financial Year (EOFY) fast approaches, we encourage business owners to get their financial paperwork signed, sealed and delivered well before tax-time and reap the rewards over the long-term.