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As the end of financial year (EOFY) approaches, it’s an important time for local business owners to take stock and plan ahead. While many see June 30 as a deadline, it’s actually one of the best opportunities to review your position and make small adjustments that can have a meaningful impact.
Tax planning is a critical part of running a business, but too often it’s left until the last minute or even after June 30, when options are limited. By taking action in the lead-up to EOFY, business owners can better manage cash flow, make the most of deductions, and avoid surprises.
Steps taken early can make a big difference. Whether it’s reviewing expenses, planning for commitments, or checking your structure, a bit of forward thinking now can set you up well for the year ahead.
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