Are you loving the way your accounting practice is running in 2020? If not, Valentine’s Day marks the perfect time of year to get on top of a few key housekeeping issues
Being a small or solo accounting practice owner certainly can be rewarding but it can also be quite lonely at times.
With one week to go until EOFY you’ve more than likely got your head deep in your company’s figures – what an opportunity to start planning!
Come tax time, here are some tips to make sure your income accounts are squeaky clean – so you don’t end up getting stuck with extra tax.
Just like your debtors, all creditors to your business need to be reviewed in the lead up to EOFY and this can be done quickly and easily with MYOB.
It’s time to be bold, it’s time to be brave and it’s time to be savvy when it comes to your new financial year business goals.
While I’m working out what a client’s possible tax bill will be, I also take the opportunity to help my client budget for the year ahead.
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!