It’s that time of year again and what an incredible year it has been!
The changes have been rolling out thick and fast, and keeping up with them is enough to make your head spin.
But June brings an end to our tax year and while that might seem like a burden right now, it is also an opportunity and it’s not too late to start.
So let’s lean into it and make it work for you and make some changes for the better!
Here at MWM, we are all about planning and helping you to plan, and no year in recent memory has impacted us all like as this one.
We have all had to contend with the introduction of the COVID-19 business continuity measures initiated by the Federal Government to assist individuals and businesses to survive the expected economic hardships.
Through it all, MWM Advisory has been and is here to help you with the challenges of business, finance and the economic stimulus package.
Our aim is always to add value whenever and wherever possible for our clients by providing critical information at just the right time.
So we have decided to follow up the recent MWM Business Continuity Plan with our new FY 2020 Tax Planning Guide.
This Tax Planning guide is based on a document used internally by our MWM accountants, which we have decided to share with you.
Let’s lock off some key milestones from the past 6 months of FY2020, such as:
– the last stage of single touch payroll (STP)
– the end of Auskey,
– and the rollout of MyGovID…
And get on with planning to get to the best out of a very challenging year.
It’s time to start planning, and if you haven’t already, this tax planning guide is full of important pointers and helpful checklists developed with the aim of preparing you and/or your business for what your accountant and the ATO will need to support your 2020 tax position.
Note: This is not a DIY tax guide!
As always, the team at MWM Advisory are here to help!
We can provide you with the advice you need to get you through this financial year and fired up for the next one.
It’s time to reset and relaunch. 🚀