Things to do prior to 30 June

Simon Flowers Simon Flowers

With 30 June just days away, here are some quick tips to consider:

1) Defer income and bring forward expenses
2) If a small business consider any asset purchases below $20,000
3) Write off all bad debts that you won’t recover
4) Write off any trading stock which are damaged or obsolete
5) Prepay expenses including interest
6) Ensure you have a current logbook
7) Ensure your trust distribution minutes have been signed and date

Related insights

Investing the right way: Discover Dollar-Cost Averaging

Investing the right way: Discover Dollar-Cost Averaging

Having an investment is an effective way to build your wealth over time. If you’re part of a managed superannuation fund, you’re likely already benefiting from the long-term advantages of dollar-cost averaging. But what is it, and how does it actually work? What is...

read more
Keeping your cash flow steady during the holidays 

Keeping your cash flow steady during the holidays 

The festive season often brings a surge in shopping and preparations, fuelling market activity. Yet not all businesses experience a cash flow boost during this time. Staffing shortages, decrease in demand, and delayed payments can create significant challenges,...

read more

Subscribe for the latest news + updates

Get in touch to explore your opportunities with an LBW expert and discover your journey to a better financial future.