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.
Farming income can be unpredictable - but your tax bill doesn’t have to be. Income equalisation helps even things out over time.
From AI to automation, accounting tech is changing fast - and SMBs stand to gain the most. Here’s what to know (and how to keep up).
Family businesses can face challenges as they grow and need to consider long-term directions and succession planning. Good governance is critical for every business. Have you thought about what a family advisory board could bring to your business?
To discuss all your account matters please call us on 09 438 1001
