If you EOFY date is May please read…
9 May 2024
If you’re balance date/end of financial year is 31 May, there are a few things you need to do to help us prepare your financials.
- Take a stocktake
- If your business sells products/has stock, you’ll need to do a stocktake on 31 May. If you’re a business that sells products, then you need to take a stocktake of your physical inventory. If you’re a farmer, then you need to take a physical livestock tally.
- Send in your EOY papers
Compile a folder (digital or hard copy) with a copy of the following documents:
- Bank statement that shows the balance on 31 May 2024 for all your bank accounts and loans.
- Insurance invoices.
- ACC invoices
- Loan statements for the year (if applicable).
- Any new loans or refinancing documents.
- Invoices for assets purchased and sold
- GST workings and reports
- Submit the online questionnaire
In late May/early June, you’ll receive an email from us with an online questionnaire to fill out and submit. If you haven’t received this by the end of June, let us know.
Would you like to know more about the relationship between costs and revenue to make better business decisions?
ACC has announced several levy changes that took effect from 1 April 2026. These updates are intended to keep the scheme fair and financially sustainable. The key points are outlined below.
Do you provide fringe benefits to your employees? If so, you may need to update the tax treatment of these benefits to fall in line with the new fringe benefit tax (FBT) legislation.
To discuss all your account matters please call us on 09 438 1001
