In the lead up to the end of the financial year, Xero has shared a handy EOFY Payroll Checklist to help you remember what to review, report on and reconcile to lodge your STP finalisation declaration on time. This is a great resource, which we encourage you to download to make your EOFY Payroll Processing as stress free as possible.
Your tax plan shouldn’t be “set and forget.” Just as your life shifts — from studying and working your first job, through buying property, raising a family, running a business, and eventually retiring — your tax opportunities and obligations evolve too.
A proactive financial check-in early in the year can completely change how the next 12 months unfold. Instead of scrambling at BAS time or feeling blindsided at EOFY, you’re making informed decisions with confidence.
For many business owners, the relationship with their accountant starts around tax time. You send through your documents, they prepare the return, you sign it — and that’s the end of the conversation until next year. But for businesses ready for more support, the right accountant can do much more than lodging forms and ticking compliance boxes.
As the end of financial year starts to come into view, now is a smart time for business owners to check in on cash flow. While June can often bring a sharper focus to tax, reporting and compliance, April is the ideal time to get proactive.
