4 simple steps to help you prepare for tax time in 2015

140611_TaxPlanning

With just a handful of weeks to go, the end of the financial year is closing in – and the start of a new year is looming.

For practices this one of the busiest times of the year. Making some quick fixes now to save time will end up reducing.

Save time and ensure you’re ready for Tax 2015 by preparing your practice for the tax season now.

These four simple steps will help you get started:

Get up to speed on the Federal Budget

With plenty in the pipeline for the new financial year, reading up on the Federal Budget – and what it means for your clients – is never a misstep. Read our coverage here.

Get ready for SuperStream

The government’s new method for organising superannuation contributions begins on 1 July 2015. Ensure your clients are up to speed.

Make sure your account is up to date

We cannot provide the upcoming tax release to clients that are operating outside our trading terms. If you have queries, please contact our Accounts Receivable team on 03 9222 9782, or credit@myob.com

Ensure your IT systems are up to date with current requirements

Recently Microsoft announced the release of new Server and Desktop Operating Systems and previously they have announced the end of mainstream support for a number of earlier systems. In line with these announcements MYOB will cease to support some systems during the next 12 months. Check the latest MYOB System Requirements on our website.

Making these four steps a priority will ensure you’re well set for the end of the financial year, and ready to start the new year with a bang.

The changes in the Federal Budget will affect every business on July 1. Subscribing or upgrading your MYOB software will ensure your business is always compliant with tax changes, including the government’s new SuperStream system for paying super contributions.

  • http://www.bottrellaccounting.com.au Gavin Bottrell

    Thanks for sharing.