It’s time to get your business affairs in order. With the end of the financial year fast approaching we highly recommend a pre-tax meeting with your accountant to ensure you utilise your tax position prior to the end of the year.

Some of the yearly tasks you need to do as a small business owner may include:

It’s important prior to the end of the financial year you optimise your tax benefits by spending money on expenses such as stock, fit-out, and consumables this will ensure your profit is reduced. Some injectors may want to look at self-managed super funds (SMSF) to optimise super contributions which can be up to ($25k pa at a low tax bracket), speak to your accountant to see if this is a worthwhile or viable option for your company.