After another year of uncertainty, the end of Financial Year (EOFY) is upon us. Self-employed or a small business owner? Understanding the different information available could help to simplify the tax process for you.
The official ATO website provides some handy resources for up to date information on any Government initiatives that may be relevant to your 2020-2021 business tax requirements - such as JobKeeper payments, instant asset write-off scheme and working-from-home claims.
Here are 7 tips to help stay on top on the EOFY and set yourself up for success going into the new financial year.
Getting into the habit of regularly recording all of your business transactions and forward planning is a great way to make tax time more efficient and less stressful, meaning you can focus your time on running your business.
Self-employed or a small business owner and looking for a home loan? Speak to Pepper Money.
Our home loans could be an option for you if you're a small business owner. To find out more about our home loan for self-employed business owners, talk to us on 137 377 or speak to an accredited Pepper Money broker.
This article provides you with factual information only and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77 or speak to an accredited Pepper Money broker.
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