Business
End of financial year tax planning checklist for small business
The tax planning steps small businesses should take before 30 June: super, trust resolutions, bad debts, prepayments, stocktake and asset purchases.
5 min read
Company, trust and business tax
Tax returns and financial statements for companies, trusts, partnerships and sole traders.
Your business tax return should tell you something useful, not just satisfy the ATO. We prepare year-end financial statements and returns for companies, trusts, partnerships and sole traders, and explain what the numbers mean for the year ahead.
Babu has worked with businesses in property development and investment, professional services, childcare, retail and consulting, so the advice reflects how your industry actually operates.
Year-end compliance and reporting
- Business tax returns
- Company, trust, partnership and sole trader returns prepared and lodged on time.
- Financial statements
- Year-end financial reports prepared to the standard your bank, investors or regulators expect.
- Management reporting
- Custom reports through the year so you can make decisions with current numbers, not last year's.
- Tax planning before 30 June
- A review before year end to understand your likely tax position and the options available.
- Trust distributions
- Advice on trust distribution resolutions and the documentation that needs to be in place in time.
- Corporate secretarial
- ASIC annual reviews, officeholder changes and the governance paperwork companies are required to keep.
Who this is for
- Small and medium businesses with a company or trust structure
- Sole traders who have outgrown doing it themselves
- Property developers and investors
- Professional practices, childcare operators and retailers
Questions about company, trust and business tax
Can you take over from my current accountant?
Yes. With your authority we request your records from your previous accountant and update the ATO client link, so the handover is straightforward for you.
Do you work with Xero and MYOB?
Yes. We work with both and can help you set up or tidy up your file so year-end work is faster and cheaper.
Do you only work with businesses in Bella Vista and Canberra?
Our offices are in Bella Vista NSW and Holder ACT, but much of the work is done remotely, so we work with businesses across Sydney, Canberra and beyond.
Guides on company, trust and business tax
Talk to Babu about your tax
Book an appointment at Bella Vista or Holder, or send your question on WhatsApp and get a reply from the person who will do the work.
Prefer to call? 0434 123 701