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

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