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CreditorWatch Blog

Missed opportunities for SMBs that go it alone at tax time

Missed opportunities for SMBs that go it alone at tax time

Many of Australia’s small businesses might be missing out on potentially valuable tax deductions by not consulting with a financial expert, according to research highlighted by finance and tax software developer Intuit.  Conducted with Galaxy Research, the study involved a survey of 400 small business owners in May, this year. The researchers found that, as the countdown to EOFY […]

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Getting your finances in order for EOFY

Getting your finances in order for EOFY

The end of the financial year can be a stressful time for small businesses, especially if your finances aren’t completely in order. Unfortunately, that’s an all-too-common situation. A recent Xero survey found that three-quarters of Australian small businesses still store their receipts in shoeboxes. With the average Australian business churning through 100 receipts and invoices […]

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How to use the End of Financial Year to strengthen your business

How to use the End of Financial Year to strengthen your business

Many small business owners fall into the trap of managing business operations in a routine way without looking at their “side mirrors” or “blind spots” where new opportunities might come into view. However, with the End of Financial Year (EOFY) just around the corner, it’s crucial small business owners use this time to take stock […]

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EOFY tax planning for shareholders

EOFY tax planning for shareholders

With the End Of The Financial Year on the not so distant horizon, it’s a good time to organise your financial affairs and assess whether your investments are structured to give yourself the best tax advantage. Tax planning, or ‘tax-effective’ investing, is a legal way of minimising your tax payable by researching and understanding the […]

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