{"id":754,"date":"2009-06-25T08:24:23","date_gmt":"2009-06-24T22:24:23","guid":{"rendered":"http:\/\/wordconstructions.com.au\/blog\/?p=754"},"modified":"2009-07-19T15:53:43","modified_gmt":"2009-07-19T05:53:43","slug":"end-of-financial-year","status":"publish","type":"post","link":"https:\/\/wordconstructions.com.au\/blog\/2009\/06\/end-of-financial-year\/","title":{"rendered":"End of financial year"},"content":{"rendered":"<p>It&#8217;s getting very close to 30 June, but there&#8217;s still time to prepare your finances for it. Some things I have been thinking about (and doing in some instances) are<\/p>\n<ul>\n<li>to get a tax deduction as a self -employed person, you need to make a personal contribution and submit a <a onclick=\"pageTracker._trackPageview('\/outbound\/article\/www.ato.gov.au');\" href=\"http:\/\/www.ato.gov.au\/content\/downloads\/spr86434n71121.pdf\" target=\"_blank\">Deduction for personal super contributions form<\/a>\u00a0to your Fund<\/li>\n<li>the super co-contribution only applies if you make a personal contribution by 30 June (and meet certain criteria like income levels)<\/li>\n<li>the <a title=\"tax break\" href=\"http:\/\/wordconstructions.com.au\/blog\/2009\/05\/small-business-tax-break\/\" target=\"_blank\">small business 50% tax break<\/a> has been legislated, but it doesn&#8217;t run out til Dec 2009 so purchases don&#8217;t have to be made this week<\/li>\n<li>individual tax rates are reducing from 1 July so increasing your deductions this year may decrease your tax more than making the same deductions next year<\/li>\n<li>sending out invoices now rather than after 1 July may affect your income levels (depending on how your accounts are set up) and may help your customers with their tax preparation and budgeting<\/li>\n<li>organising your invoices and receipts now could mean getting your tax return done sooner, which is great if you&#8217;re getting a refund!<\/li>\n<\/ul>\n<p>How much do you do to prepare for the end\/start of financial years?\u00a0Is this when you do budgets and analysis or do you base that on the calendar year instead?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s getting very close to 30 June, but there&#8217;s still time to prepare your finances for it. Some things I have been thinking about (and doing in some instances) are to get a tax deduction as a self -employed person, you need to make a personal contribution and submit a Deduction for personal super contributions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[53],"tags":[963,344,964,965,966,347,808],"class_list":["post-754","post","type-post","status-publish","format-standard","hentry","category-business-info-tools","tag-end","tag-financial","tag-june","tag-return","tag-save","tag-tax","tag-year"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/posts\/754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/comments?post=754"}],"version-history":[{"count":2,"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/posts\/754\/revisions"}],"predecessor-version":[{"id":794,"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/posts\/754\/revisions\/794"}],"wp:attachment":[{"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/media?parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/categories?post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordconstructions.com.au\/blog\/wp-json\/wp\/v2\/tags?post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}