Top Tips for EOFY – First Class Faves

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Welcome to the June edition of First Class Faves. With the end of the financial year on our doorstep, we figured that informative EOFY articles are going to be the most useful to you this month. Here are our top 10, in no particular order.

 

Payroll reminders for the end of the financial year

With payroll compliance being such an integral part of your business, here are some great tips to help you through.
https://www.firstclassaccounts.com/blog/payroll-reminders-for-the-end-of-the-financial-year/


End of Financial Year Checklist for Small Business

Checklists are great, especially when deadlines are looming. This comprehensive EOFY checklist will help to ensure that you haven’t forgotten anything important.

http://blog.reckon.com/end-of-financial-year-checklist-for-small-business


5 Steps to Get You Through Your Business Tax This EOFY

Business tax can be a veritable minefield for the uninitiated. These tips will help, but make sure you use your bookkeeper and accountant, too.
http://www.intuit.com.au/r/money/5-steps-get-business-tax-eofy/


BUDGET2016 | Too big for the $20,000 write-off? Not anymore.

Your small business could be eligible for the $20000 instant asset write-off for the 2016/2017 financial year. Find out more here
http://myob.com.au/blog/budget2016-too-big-for-the-20000-write-off-not-anymore/


Two thirds of Australian small businesses are stressed at tax time

With time and resources being one of the main reasons for all the stress, it may be time to contact a First Class Accounts bookkeeper to help you through EOFY
http://www.smartcompany.com.au/finance/tax/70682-two-thirds-of-australian-small-businesses-find-themselves-stressed-at-tax-time/


Tax deductions for home-based SME owners

If you run your own small business from home, there will be home costs that you can write off as business expenses. Find out what you can claim.
https://insidesmallbusiness.com.au/finance/tax-deductions-for-home-based-sme-owners


Things you never knew you could claim at end of financial year

This excellent list covers a wide range of professions and industries, and gives tips on tax deductions you can claim
http://www.news.com.au/finance/things-you-never-knew-you-could-claim-tax-deductions-for-at-end-of-financial-year/story-e6frfm1i-1226957366111


EOFY: Making the most of the government’s small business tax cuts

The Australian Government’s small business tax cuts will mean more money in the pockets of small business owners. Find out how you can make the most of them.
https://www.kochiesbusinessbuilders.com.au/resources/making-governments-small-business-tax-cuts/


Legal changes you need to know about for end of financial year 2016

With legislation changes made every year, you must understand your obligations.
http://www.smartcompany.com.au/business-advice/legal/70044-legal-changes-you-need-to-know-about-for-end-of-financial-year-2016-a-guide-for-small-business/


Essential Tasks at End of Financial Year

The Department of Industry, Innovation, and Science has put together a comprehensive list of things you should have organised before EOFY.
https://www.business.gov.au/info/run/finance-and-accounting/accounting/essential-tasks-at-end-of-financial-year-eofy


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