Above all talk to your accountant. Every business is different and you need to take advice from someone who understands your current position.
Having said that, there are some good ‘housekeeping tips’ that almost every business should review. Here are 7 of them.
As we are heading towards the end of another financial year, now is the time to start planning for the next financial year. In business, you need to set goals for what you want your business to achieve in the next twelve months.
I often get told by clients that “I don’t know what my sales will be next month, so what is the point in preparing a budget for 12 months?”. To answer that, I tell them the reason we set a budget is to see what the business is capable of achieving over the next twelve months. Sure, it’s not going to be 100% accurate, however we can take corrective action if our results are heading in the wrong direction.
The Directors of Hayes Knight (SA) are delighted to announce the appointment of Graeme Rodda as Director, Audit & Assurance with the firm. Graeme has been sought out to play a lead role in building the Hayes Knight audit and assurance capability.
We know you’re busy, but with June 30 closing in, we’ve compiled a short list of tax housekeeping tips that could save your business cash and make sure that you don’t pay more tax than necessary.
Forewarned is Forearmed! These will need to be addressed ‘before June 30‘ in order to take full advantage of this knowledge. This is a busy time of year for all of us, so please call us today if you’d like some help with preparing for the EOFY!?
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The media has widely labelled the 2010/2011 Federal Budget the ‘no-frills’ budget and they are not wrong. The Government has released a Budget filled primarily with past announcements, leaked initiatives and a myriad of technical amendments.
Hayes Knight is the brand name of the Hayes Knight group, a network of independent firms across Australia and New Zealand. Each firm within the Hayes Knight group is, and acts as, a separate legal entity. Liability for each Australian entity is limited by a scheme approved under the Professional Standards Legislation.
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