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Learn MoreHow to Prepare for EOFY as an SME
Managing taxes can be overwhelming, especially when you need to make sure everything is in order. However, procrastinating on tax planning or neglecting to track your finances throughout the year can result in expensive errors. We’re here to help you avoid this. Download our guide now to ensure a smooth EOFY and set your business up for success.
What you’ll learn
As tax season approaches, preparation is key—not only to ensure compliance with tax regulations but also to evaluate your business’s financial health and plan for the year ahead. Not sure where to start? Our guide covers:
- Why preparing for EOFY is important, particularly for maximising your tax deductions and setting your business up for future growth
- Key EOFY dates to mark in your calendar so you can avoid missing critical deadlines and incurring costly penalties
- Financial statements to prepare, particularly your profit and loss statement, balance sheet, and cash flow statement
- What you can and can’t claim in your business tax return to make sure you’re not under or overclaiming
- Tax incentives for SMEs, particularly the small business income tax offset, instant asset-write off, and R&D tax incentive
- Common tax deduction mistakes you should avoid to ensure your tax filings are accurate and you’re not leaving money on the table
- How to manage ATO debt and why refinancing your ATO debt through a business loan could be a cost-effective option
- How to prepare for the year ahead, from reviewing your business goals and structure to creating a new budget, and considering your financing options
