Blog.

Receipts, whether you’re collecting them in your wallet, a shoe box or electronically, by the end of a financial year, there always seems to be a large amount of them. Not wanting to miss out on deductions, you may cram receipts into files or, worse still, consider them an afterthought and scramble to find the information you need when the EOFY rolls through. It’s time to get the record straight on what you need to keep records of.

In the pre-30 June period, we help many businesses prepare by highlighting the key areas that should be thought about, considered and actioned before 30 June to ensure that their business is ready. We’ve found that there are three main areas that businesses should focus on before the end of the financial year to help ensure success in the upcoming one.

With the end of the financial year quickly approaching, you may be thinking about the tax deductions you could be eligible for. Personal super contributions can be one area that you may be able to claim a tax deduction in if you have contributed to your super fund (other than employer paid superannuation).

Tax debt is hard to talk about. The ATO can now report tax debts to Credit Reporting Bureaus, which can affect your credit score and ability to get finance.