Get ahead of the game this tax season
Welcome to May and Queensland Small Business Month (QSBM)! It’s that time of year when we celebrate the vital contribution small businesses like yours make in driving our state’s economy, creating local jobs, and building strong communities. We recommend you take a look at the events calendar provided by the Queensland Government, which gives small business owners opportunities to network, connect and learn new skills.
In this month’s newsletter, we share our tips for tax planning and outline why your business needs a budget. We also share insights on when it may be time for your business to get a valuation, as well as how to minimise the amount of tax you pay during key taxation points, such as the sale of your business or the exit of a partner. Also, as we edge closer to EOFY, we have put together some handy Checklists with important tasks and reminders to help get you sorted Pre- and Post-30 June.
If you really want to get ahead of the game and position yourself and your business for extraordinary success in the new financial year, come along to our next Business Booster Event – ‘Minimise Your Business Tax’. You can find out more about this here.
Thank you to everyone who attended our last Business Booster Event on Mergers and Acquisitions. The turnout was fantastic and the discussions we had were very insightful, with participants from various relevant industries, as well as a client of ours who is currently selling his business, all sharing their perspectives. Special thanks to Andrew Young, Craig Batchelor, and Owen McGuigan for their insights. If you missed it, I encourage you to take a look at the event recording – it has some really great information!
Happy reading and until next time.
Sincerely,Leon Stephan Managing Partner
There’s a lot to do in the lead-up to EOFY. As a business owner, not only do you have your business’ tax to take care of, but you also have your personal position to consider. The good news is there are ways to get ahead of the game, and if you’ve done your tax planning correctly, you’ll be in prime position to take the actions needed to put yourself, your business, and your family in the best position before and after 30 June.join us for our next Business Booster Event! Hosted by Dale Edwards and Chris Morris, we’ll be discussing essential tax planning strategies you can implement before 30 June to position you and your business for success in the new financial year. This interactive Zoom event is a great chance to get all your questions answered! Submit a stimulating and thought-provoking question, and you could be chosen to win a $100 Visa digital gift card! This is a free event but spaces are limited. For more information and to secure your place, register below:If you’re looking for ways to minimise your business’ tax, please