The businesses and individuals who spend May and June preparing for EOFY find things a lot easier after July 1st. They also find they get more from their tax return.
Many of us use vehicles to get around during the work day and unless it’s all paid for by the company, it’s important to keep a record of vehicle expenses so you can claim them at the end of the financial year and reduce your tax bill.
How is a bookkeeper different from an accountant? Take a look at bookkeeper vs accountant and why you need both.