It’s just six weeks to June 30, meaning it’s time to make sure you’ve dusted off your business plan and are thinking about how you can shine in FY2013. Here’s how you can prepare for the coming financial year in five steps.
Last financial year, the ATO evaluated 1.4 million SMBs against its risk detection systems, which led to 16,000 being investigated. Here’s how to plug your EOFY knowledge black spots and escape the attention of the tax office.
Did you know that this upcoming EOFY is one of the most compliance-heavy years we’ve seen in some time. Daunting, huh? Here’s a look at what you need to be aware of.
Unsuspecting small businesses are often in the sights of scammers around the end of the financial year, with the Australian Competition and Consumer Commission (ACCC) suggesting SMBs remain vigilant at this time of year.
Julian Smith blogs about the importance of looking beyond the end of the financial year.
“Yep, I know time is scarce – you’re already flat out trying to wrap up this financial year and time to plan ahead looks hard to find – but do try to set the time aside, as it will give you the opportunity to set your business up to start the new financial year on the right foot.”
New research has shown that small businesses are being bogged down by financial reporting and bookwork, with too much time spent on documenting the business strangling growth.
You have reached the end!
