How Are You Beginning the New FY?
A message from our Managing Partner,
Happy New Financial Year! I hope you are ready to begin the 2024-25 new year on the right foot. In order to ensure a prosperous year ahead, it’s important that you use the tools in your arsenal to project your business’s future performance and make adjustments accordingly.
To help with this endeavour, we have compiled three blogs to guide you through the beginning of the new financial year. Firstly, Advivo Partner Chris Morris has outlined some important budgeting tips to assist you in managing your expenditure. Following this, I have written a blog explaining how you can accelerate your business’s growth by raising capital from investors. Lastly, Advivo Partner Dale Edwards highlights the importance of incorporating a 3 Way Forecast into your business planning.
Please also remember that we have a Post-June 30 Checklist available to ensure you are fulfilling your tax obligations for this time of year.
Before I sign off, I thought I’d bring to your attention a charitable initiative that Paul Janz, Director & CEO of our financial planning partner Virtual Financial, is undertaking. Paul is taking part in The Push Up Challenge this year to raise funds and awareness for mental health and suicide prevention, sponsoring Headspace. You can join us in donating to Paul and this incredibly important cause by clicking here.
Enjoy the rest of July, and please don’t hesitate to reach out if you have any questions regarding your business’s future performance in the new financial year.
Kind Regards,
Leon Stephan
Managing Partner
Advivo's Charity of the Month
Don’t forget if you would like us to include a charity of your choice, just drop us a line at info@advivo.com.au
Key Dates:
- Lodge and pay June 2024 monthly business activity statement.
- Lodge and pay quarter 4, 2023–24 PAYG instalment activity statement for head companies of consolidated groups.
28 July
- Lodge and pay quarter 4, 2023–24 activity statement if electing to receive and lodge by paper and not an active STP reporter.
31 July
- Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 4, 2023–24.
- Lodge Venture capital deficit tax return for June balancers.
- Lodge Franking account return for 30 June balancers if there is an amount payable.
- Lodge Early stage innovation company report.
- Lodge Community housing provider annual report.
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