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.