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accountant preparing end of financial year

5 Accounting Tips To Prepare For End Of Financial Year

April 26, 2021 No Comments

With the end of the financial year (EOFY) approaching, many businesses start to think about how to get ready. Checking that your accounts are in order and taking some preparatory steps in advance will save you a lot of time in the long run. Here are five accounting tips to prepare for EOFY. Table of Contents What does ‘end of financial year’ mean? 1. Ensure that your records are up to date 2. Wages: Make sure all data is accurate

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smsf tips

Self-Managed Super Funds: 5 Most Common SMSF Questions Answered

March 12, 2021 No Comments

If you are starting to plan for your retirement, self-managed super funds can be a great way to maximise your savings and manage your money yourself, however, they can be a lot of work and require specialist knowledge. At Charter Partners, we provide a wealth of self-managed super fund services, and we’ve put together some answers to common questions you may have about superannuation and self-managed super funds. Table of Contents What is a self-managed super fund? Who can be

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retirement taxation

5 Things To Not Forget When Planning Your Retirement

February 16, 2021 No Comments

Planning for your retirement might seem like an overwhelming task, and even a pointless one if you’re thinking 20-30 years down the track, but it could be the biggest and most important plan you’ve ever made. While retirement is an exciting time and something you may have been looking forward to your whole life, you may not be as comfortable as you think if you haven’t made a solid plan. Here are some items to add to your retirement checklist

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tax deduction items

10 Less Common Tax Deductions You Didn’t Know You Could Claim

January 25, 2021 No Comments

We’ve all put 2020 behind us, and it’s time for a positive fresh start with organisation and getting ahead in the New Year 2021. While taxes are not something we like to think about this time of year, it’s the perfect time to start getting organised about what you need for tax time and what deductions you can be eligible for. Here are some more of the unusual tax deductions you may not even be aware you can claim. Table

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bookkeeping new year 2021

Bookkeeping Tips for the New Year

December 17, 2020 No Comments

It’s that time of year once again where we tend to make some New Year resolutions. For most of us, these usually tend to revolve around getting healthy, losing some weight or trying a new skill in the New Year. But one area people tend to forget about is financial resolutions. One of the best ways to keep your finances in order is to improve your bookkeeping skills and be on top for the New Year. 7 tips to get

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tax deduction christmas party

What can I claim as tax-deductible for Christmas parties?

November 17, 2020 No Comments

If you have a business, it’s that time of year where you’re starting to think about Christmas parties and office celebrations. It’s also time as a business owner to say thank you to your employees for another year of hard work. But it’s also worth knowing what you can claim and what you can’t. The rules can be confusing, so here are some suggestions on how to make the most of your corporate budgets this year. There are two major

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