The end of the tax year will soon be upon us, with 30th June just around the corner. For many business owners, it’s a stressful time, as you frantically rifle through your files trying to find that missing invoice or receipt! There’s one sure way to avoid that last-minute rush: making sure you’re prepared for tax time. In this blog post, we’re sharing with you our top tips to ensure you’re as prepared as you can be before it’s time to lodge your tax.

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Nobody wants to attract unwanted scrutiny from the ATO! Tax audits can be a very stressful and costly time. The best way to avoid an audit is to know how to stay out of trouble in the first place. So, as tax time 2021 kicks off next week, we’re outlining below the most common ATO red flags to avoid when submitting your tax.

Tax planning is about dedicating time and expertise to planning the best tax strategy for you. There’s no one-size-fits-all approach to tax planning. The goal is to reduce your taxable income so you pay less tax. And by doing so, you’ll maximise the money you keep hold of to spend on whatever you choose.

The subject of increasing prices tends to make people feel uncomfortable, but if you’re running a business, there will inevitably come a time when you need to raise your rates to better reflect the value of your services. Having a plan in place will help you to feel more confident when communicating the increase in price to your clients, and ultimately keep them on as customers. Here’s how to comfortably & confidently increase your prices.

Usually, when people want to increase their finances they look to cut their expenses. But this can only get you so far! Unless you already make a lot of money and spend lavishly, you probably don’t have a lot of room to budge when it comes to decreasing your expenses. If you’re looking to increase your revenue stream, what you should be focusing on instead is making more money. So, here are our top 5 tips on how you can increase the profit in your business.