Attention: Super Rate, Minimum Wage & Award Wages are all going up!
Make sure you’re ready to implement these rates if applicable.
As a business owner, EOFY (End of Financial Year) is a season of bookkeeping, tax prep, and maybe a touch of stress.
But hold on! EOFY is also the second ‘New Year’ for your business. Get the best out of EOFY season by planning ahead.
Most of your year is likely spent thinking about improving revenue and controlling costs. But with this mindset, it can be hard to focus on the big picture.
This EOFY, while pulling your financial figures together for your reporting and tax obligations, us it to inform and empower your considerations:
Use these questions to identify areas for improvement. This could mean:
By setting measurable targets, you can track progress and make informed decisions.
Tip:
EOFY sales are a goldmine! Once you have a clear vision for your business, explore deals that can help you achieve it.
Would you be interested in:
Tips:
Many of your clients will also be looking for EOFY deals and steals.
Consider:
In Australia the financial year runs from 1st July each year to 30th June the following year.
But the end of financial year may vary from country by country. If you have customers in other countries, make to check on the specific dates for their EOFY before you start promoting your offers.
Plan and take action this EOFY.
Don’t just close the books, open doors to a thriving new year!
The countdown to the end of the financial year 2024 is on and it’s crunch time for small business owners. But just completing the necessary EOFY tasks is not enough if you want a strong leap into the next year.
Every year, the federal budget brings a mix of financial cheers and groans, and this year is no different. We’ve sifted through all the fancy talk to bring you the key points that matter to you.
From Electricity Bills to Healthcare and Parental Leave, here are the key highlights tailored for you.
Tax time can be stressful, but it doesn’t have to be!
Each year, the ATO focuses on certain areas where mistakes are commonly made. By understanding these areas, you can avoid any unnecessary hassle and ensure you’re paying the right amount of tax.
