June 30th should be dubbed the compliance-eve for the accounting industry. It’s a deadline that could induce headache spells for some.
We’ve had a good think about what we can do to help make compliance easier for accountants and their clients. We’ve been through more than 20 end of financial years (EOFYs) and to paraphrase a certain 90s TV sitcom, we’ll be there for you again like we’ve been there before.
These are 4 resources prepared to help accountants get started.
1. 2014 Federal Budget Whitepaper
First up, our annual federal budget whitepaper. Written by Leo Hollestelle, Chartered Accountant, Hollestelles, and Joe Kaleb, Chartered Accountant and CEO, Australianbiz, this whitepaper tells the tale of the Coalition’s first budget and the impact on both the accounting industry and their clients.
2. Online seminars
We have online seminars coming up that takes an in-depth look at the impact of some of the compliance changes for the 2014/2015 financial year.
3. Preparing for Tax 2014 site
Preparing for Tax 2014 is a new website from MYOB dedicated to supporting Australian accountants through EOFY. The information will keep you across the various legislative and software changes that regularly occur.
You’ll find information on updating and preparing your practice software, videos of popular EOFY topics, and details of tax changes.
4. Video series on tax time
David Koch of Kochie’s Business Builders and MYOB present a new video series focused on EOFY 2014.
EOFY resources for small businesses
The MYOB End of Financial Year Support website contains handy information small businesses to help them through June and beyond. It’s perfect for accountants to share and recommend to their clients.
There’s plenty more to come over the next few months. Keep an eye on this blog and the Preparing for Tax 2014 to keep up-to-date with end of financial year.