Business Health Check Archives | Platinum Accounting & Taxation

End of Financial Year Checklist for Businesses

Accounting, Business Health Check, Business Planning, Business Tax, Cashflow, Small Business Accounting, Small Business Tax, Tax Planning, TaxationBy Corinne Cole June 27, 2017

With the end of the financial year only a few days away, you still have time to take action to legally reduce your small business tax liability for 2017.

Is it time to get off the spending bandwagon?

Business Advisory, Business Budgeting, Business Health Check, Business Planning, Small Business MattersBy Corinne Cole December 16, 2016

It’s easy to get caught up in the spending trap and feel the pressure to get on the spending bandwagon. A budget enables you to think and consider carefully before committing to expenditure.

Red flags that can trigger an ATO tax audit

ATO Compliance, ATO Data Matching, Audit Hot Spots, Business Health Check, Business Tax, Small Business MattersBy Corinne Cole September 27, 2016

The last financial year has witnessed a record number of tax audits. and with the ATO actively stepping up its inspection of business transactions across the board, utmost vigilance must be exercised at all times with the recording of your business transactions. In order to help you avoid such a stressful, time-consuming and costly tax audit, we’ve put together a list of some triggers you should be aware of.