Getting ready for 31 March
It’s hard to believe, but the end of the financial year (EOFY) is just days away. To ensure we get the best result for your business, now is the perfect time to review key areas.
Complete a physical stocktake at 31 March and write down any obsolete or damaged stock.
Provide us with your bank and loan balances as at 31 March 2026.
Provide invoices for any large repairs undertaken during the year.
Provide invoices for any asset/capital expenditure purchases or asset sales.
Complete our Home Office form online (this is easier than the questionnaire):
https://forms.gle/RFQe3r6uPSbXiv7EAAsset Register: Have you sold or scrapped any equipment lately? Let us know so we can update your depreciation schedule.
Bad Debts: Take a look at your aged receivables. If there are invoices you know won't be paid, they must be physically written off in your system before 31 March to claim a deduction.
Getting these bits sorted now makes for a much smoother tax season later.