Wrapping up the EOFY properly ensures businesses roll into the new financial year smoothly, and helps business owners put their best foot forward from the get go. With this in mind, RSM Bird Cameron has put together 12 tips for starting the 2011/12 financial year.
MYOB’s Julian Smith blogs about the importance of giving yourself a pat on the back this EOFY.
“For some of you self-recognition is rare, you’re so busy doing the day to day work that it’s easy to miss. I encourage you to recognise the hard work and determination that you have put in to your business, what you have achieved and the contribution you make to your local business community.”
The end of the financial year is one of the most anxious times for Australian small businesses, with many reporting bewilderment at the complexity of tax reporting in the latest American Express Tax Time Survey.
With the final quarter looming, to make tax time less painful, here’s a helpful list of the kinds of information that are useful for small businesses when preparing a tax return.
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