Can you believe it’s almost June?
I am always excited by June as it means the shortest day is approaching and the daylight hours will begin to creep back YAYYY!!!… oh yes AND it’s EOFY yayyy!
If you haven’t already, I would encourage you to chat with your accounting professionals to ensure your books are all in order before June 30.
Tax time is approaching…
It’s important to gain early advice around things like; timing of income and expenses, tax deductions for superannuation contributions, bad debts to be written off and decisions around realisation of capital gains/losses - as they can only be allocated if the transactions are completed before June 30.
For some additional tips for tax time, you may like to check out this 2019 Year-End Tax Bulletin from BDO
I’ve also included this article outlining some of the common mistakes the ATO is targeting this year.
Happy EOFY!
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If you would like further information or to arrange some support in building this skill please don’t hesitate to contact me. I look forward to helping you build your success your way.
Yours in success,
Vicki
