FBT year-end checklist
March 31 marks the end of the
Record keeping
Keeping good business records is important for a number of reasons. It assists you to:
■ comply with your tax and superannuation obligations
■ gain a greater insight into the financial health of your business, enabling you to make informed decisions
■ manage your cashflow
■ demonstrate your financial position to prospective nlenders, and also potential buyers of your business.
Cashflow forecasts
Now more than ever businesses should consider preparing cashflow
forecasts.
On-boarding new employees - TAX ACCOUNTANTS BUNDOORA
With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years – down to under 4%
Your Business Structure
There are four main business structures – sole trader, company, trust, and partnership (or a combination of these).
In-specie super contributions - TAX ACCOUNTANTS CLARKSON
Most contributions to a SMSF are made in cash, but did you know you can also contribute certain assets to your fund too?
Read moreOur Management Credentials
