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Hustle ... Self-determination to go out there and work it out until you made it.

Business Valuation - What is your business worth?




A guide to better understand how our business valuation service shows the true value of your business.


HOW much of your wealth is tied up in your business?

WHAT is a business valuation?

HOW do you value a business?





 

Lots more in this issue


Stress & Pressure - how are they different?

8 employee retention strategies in a competitive market

Tax changes loom for rental income

Family Trust shareholder - pay dividends now?

Family trusts and children who grow up

GST registration for part-time business

Loans to your company

Advice from a tree

Shareholder Fallouts





 

And a couple of YEAR END reminders for this week!


Six things your business needs to do now

6 steps that organisations can take now in planning for a positive outcome in the future.

Plan well

Forecast you future

Engage with the right stakeholders

Think differently

Adapt and be flexible

Be prepared for the unexpected


Deal with important stuff now, before balance date

You need to think about the following before your balance date

Bad Debts

Stock

Motor Vehicle

Insurance premiums

Vehicle logbook


Year-end Tax Implications

There are a number of issues that need to be considered when preparing year-end financial statements.

The timing and treatment of certain expense items can have tax implications, and in some cases the accounting treatments applied can result in tax efficiencies. Typically accountants in conjunction with the business owners, need to consider the treatment of certain expenditure in particular whether it can be bought forward into the current period. The general rule is that business expenditure is deductible in the tax year that is incurred.







 

Key Dates


7 April 2024

Terminal tax for 2023 (March, April, May balance dates). Fo all clients except those who have lost their extension of time privilege.


7 May 2024

Third instalment of 2024 Provisional Tax (March balance date).


28 May 2024

First instalment 2025 Provisional Tax (December balance date).


31 May 2024

Deadline for Fringe Benefits Tax returns.





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