As we begin the last quarter of the 2017 financial year, 30 June will be here before we know it. Now is the right time to review your business performance with us for two main reasons.
- Tax Planning: The government has brought in a whole range of measures to help small business and the rules to access them need to be fully understood to obtain the maximum tax benefits. We can implement actions ahead of year end deadlines to ensure that your business and its operations are structured to achieve maximum profits with the lowest tax bill possible.
- Business Improvements: This is the most overlooked area where a great accountant can help your business and is even more important than tax planning! At Trinity Accountants we look after hundreds of small businesses ourselves and have access to Australia wide databases with key metrics of operational performance for hundreds of thousands of businesses. From experience we know what best practice business owners are doing. By properly reviewing your figures in April/May we can suggest proactive changes to your overall strategy, pricing, marketing and cost control etc. The sooner these changes are made the sooner you will improve your business profitability and lifestyle. As part of this function we also can prepare business plans and full year budgets to assist with effectively keeping your business – and its finances – on track.
What to do next? Please call Sue to book in your Business Tax Planning and Improvements meeting in preparation for the completion of the 2017 Tax year.