With the end of financial year fast approaching, now is a good time to think about opportunities and risks that should be addressed before 30 June 2021. This time of year provides rare opportunities for businesses to improve their cash flow position to weather uncertain times and tap into new opportunities in the post Covid-19 world.

To help you with this, we have included some of the key issues that clients should be thinking about pre year end.

Read our Guide for Year-End Planning 2021

We’re ready to help. Contact our team to ensure you have everything in place for the end of this financial year.

“Particularly for businesses who changed their operating model through Covid, utilise the Instant Asset Write-off of new and second-hand assets up to $150,000”

JOHN CHRISTOPOULOS
Director
Business Services

“If business chooses not to use the loss carry-back measures this FY, the loss will be carried forward and can be offset against future profits in certain business test conditions”

PETER PRYN
Director, Administration & International Business

“The lowering of the corporate tax rate for base rate entities means over-franking or under-franking are even more pronounced than in previous years”

ROBERT LISSAUER
Director
Tax & International Business Advisory