13 Top Tips from Square Penny for your End of Financial Year Check list
May 2022 Newsletter.
13 Top Tips from Square Penny for your End of Financial Year Check list
1. Are you bank accounts all reconciled and up to date? 2. Wil your Super payments be processed in time to reach your Super Fund by the June 30 deadline? 3. Do you need to order extra inventory? 4. Are all your invoices up to date? 5. Do any of your debtors need to be followed up for payment? 6. Do you need to make any large purchases? 7. Are all your receipts in order for any item of $80.00 that incurs GST? 8. Is your Workers Compensation estimate up to date? 9. Do you have all your bank statements? 10. Have you done a Wages and PAYG Reconciliation? 11. Have you run a Profit & Loss Report? 12. Is your balance sheet in order? And do you know what assets you have and what liabilities you have? 13. Is your payroll tax in order and ready for payment to the ATO by 21st July? |
And as an extra tip. Can you make use of any of the tax concessions before the end of the year? Click here to find out more |