This is a great time of the year to review what monies are owed to you – remember you are not in the business of lending money!
The ATO require businesses to undertake a stocktake to work out the value of trading stock at the end of the income year.
As a business, it’s crucial to stay on top of any tax changes. Here are the tax tables for the 2015 – 2016 financial year and what you should know.
At six weeks out from tax time, businesses owners should be thinking about reviewing and reporting on creditors.
This week you should review every account that you are able to reconcile. As a guide, the following balance sheet accounts should be reconciled to 30 April 2015 and then again on 31 May.
Joe Hockey wants to be your friend and he has certainly delivered to small businesses in last night’s budget announcement! The generous concessions announced are aimed at empowering small businesses just like yours to “invest, grow and create jobs”.