The end of the financial year can be a frantic and stressful time, especially if you’re in your first year of business, but it doesn’t have to be. This article contains everything you need to know to set off in the right direction.
If your business produces or purchases stock for the market, you’ll likely need to do at least one stocktake at the end of the financial year for tax reasons.
The end of the financial year can be stressful time for business owners, especially you’re trying to squeeze in EOFY bookkeeping on top of the day-to-day operations of the business.
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!
As the end of the financial year (EOFY) fast approaches, you may have started to think about bringing in a professional to help you through.
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.
When it comes to EOFY, many business owners are unprepared and find themselves in a mad rush right up until 31 March, but there’s no need for the panic.
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.