Tax planning strategies to be implemented before 30 June 2017
Defer invoicing if you are a non-SBE taxpayer
Defer receipt of income if you are an SBE taxpayer
Write off bad debts
Pay Super Guarantee (SG) before 30 June to obtain a tax deduction in the 2016/2017 year even though not due to be paid until 28 July 2017
Make additional superannuation contributions up to your aged based limits before 30 June 2017
Prepay expenses for up to 12 months (SBE) or up to $1,000 (non-SBE)
Make tax deductible purchases such as accounting software and travel expenses before 30 June 2017 (SBE taxpayers must also physically pay these expenses)
Purchase and be using/have installed ready for use before 30 June 2017 business assets <$20,000 + GST (SBE taxpayers) or < $300 + GST (non-SBE taxpayers)
Pay staff bonuses
Pay directors’ fees or dividends
Adjust owners’ wages if necessary to obtain a more attractive tax outcome
Things to do before 30 June 2017
Ensure that your accounting file is up to date and reconciled
Determine your year to date (YTD) profit or loss
Determine how much tax you will need to pay
Implement tax planning strategies to reduce this tax
Prepare your 2017/2018 expense budget
Prepare your 2017/2018 sales budget
Prepare your 2017/2018 break even sales levels
Prepare your 2017/2018 schedule of fees/prices that will take effect from 1 July
Determine your level of wages, tax and superannuation that will take effect from 1 July
Prepare your annual trust income distribution minute if you operate your business via a trust
Prepare for stocktake
If you haven’t embraced cloud accounting technology now is a great time to switch over to MYOB Essentials, easy online accounting
If you haven’t applied for an AUSKEY, apply now as it will make it easier for you to lodge the various year end reports with the ATO and you will also get additional time to lodge and pay your BAS
Things to do before 31 July 2017
Prepare payment summaries and provide to employees by 14 July 2017
Prepare ATO payment summary report and submit to the ATO by 14 August 2017
Pay Super Guarantee (SG) for the quarter ended 30 June 2016 by 28 July 2017
Prepare ATO taxable payments reports and submit to the ATO by 28 August 2017
Ensure your accounting file has been updated for new pricing to take effect from 1 July
Ensure your accounting file has been updated for new wage levels to take effect from first pay run of the year
Work on your goals and vision for the 2017/2018 year
Collate paperwork for your 2017 tax
Work on a system to file 2017/2018 paperwork & stick to it
Work on a monthly checklist system that will ensure that you can produce accurate monthly financial statements
Have a fun, profitable and rewarding year in business.
SouthEast IT helped us with technical support on short notice for a really important project! They provided reassurance, fast communication and delivered our data back within days. Highly recommend!
Marcus Barlow
1680735947
I was put in charge of a project for the Family Law firm I work for, CFLS, to migrate our emails to Microsoft 365. I dealt with Darcy mostly and the other team at SouthEast IT. I was very impressed with the email migration, it went off pretty much with zero issues, and was quick and easy for us. Also they were always happy to help any of us with any issues that we had that other IT firms would have charged for. Also the quote was very competitive and Darcy and his team didn't want to put us on a contract where we paid monthly for IT services, like all the other companies I contacted about the email migration. Darcy and his team understood all of our business needs very intuitively, and were a pleasure to work with. I highly recommend SouthEast IT and we will certainly be using them for any IT issues in the future. Great job done!
Nick Sanders
1677818622
This place has to be the friendliest MSP around. Everyone is in a perpetual state of happiness, knowing that they have helped their customers to the best of their ability. Very knowledgeable and efficient service and support. I would highly recommend them.
Carmen Walker
1669332348
Fantastic and responsive service, would recommend to all. Jackson is always considerate, thoughtful and knowledgeable, especially in times of crisis.
Jackson Wood
1663054179
Excellent customer service for all IT needs. I've been blown away with the support given by SouthEastIT as I needed help with my laptop not booting properly. One call and I was able to take it to their office and have it fixed like new by the end of the day! Would highly recommend.
Scott Booth
1662429024
Recently had Rob come around to set up our new internet service.He was incredibly helpful and problem solved a few issues quickly without fuss.Great work from the South East IT Team
Triangle Waterquip
1607321679
When our emails crashed on a Friday it was pretty stressful considering we had just terminated a support plan with our previous IT companyI contacted the company who had been handling our IT through the day but no luck...When it got to 5:30pm I thought I would try someone locally and gave South East IT a call, what a great decision that turned out to be! Within 10 minutes of talking to Chris I knew this company was the company I wanted handling our IT Support.He was about to walk into a meeting and told me he would have someone call me asap, within 30 mins not only had they called me they had fixed the problem completely.Since then we have had them Migrate our email server to 365 and every single time I've emailed or called Craig for support no matter how big or small the query he has been fantastic. He always returns calls and emails in a timely, polite and professional manner and goes above and beyond to make sure the customer is happy.I would highly recommend this company
Dano Arbon
1596046809
Great place to have all your IT work done. I have been working with SouthEast IT sometime now. They are great to work with and are prompt at responding to my requests. They certainly know what they are doing when it comes to all things IT, including stuff like business emails, Cloud work, office 365, networking, file-sharing, and even MYOB services, etc... If you're in the Melbourne area and need these types of services for your business, then I'd give them a call. Thanks.
Google Rating
4.8
Based on 22 reviews
SouthEast IT
4.8
Chloe Juresko
1681450862
SouthEast IT helped us with technical support on short notice for a really important project! They provided reassurance, fast communication and delivered our data back within days. Highly recommend!
Marcus Barlow
1680735947
I was put in charge of a project for the Family Law firm I work for, CFLS, to migrate our emails to Microsoft 365. I dealt with Darcy mostly and the other team at SouthEast IT. I was very impressed with the email migration, it went off pretty much with zero issues, and was quick and easy for us. Also they were always happy to help any of us with any issues that we had that other IT firms would have charged for. Also the quote was very competitive and Darcy and his team didn't want to put us on a contract where we paid monthly for IT services, like all the other companies I contacted about the email migration. Darcy and his team understood all of our business needs very intuitively, and were a pleasure to work with. I highly recommend SouthEast IT and we will certainly be using them for any IT issues in the future. Great job done!
Nick Sanders
1677818622
This place has to be the friendliest MSP around. Everyone is in a perpetual state of happiness, knowing that they have helped their customers to the best of their ability. Very knowledgeable and efficient service and support. I would highly recommend them.
Carmen Walker
1669332348
Fantastic and responsive service, would recommend to all. Jackson is always considerate, thoughtful and knowledgeable, especially in times of crisis.
Jackson Wood
1663054179
Excellent customer service for all IT needs. I've been blown away with the support given by SouthEastIT as I needed help with my laptop not booting properly. One call and I was able to take it to their office and have it fixed like new by the end of the day! Would highly recommend.
Scott Booth
1662429024
Recently had Rob come around to set up our new internet service.He was incredibly helpful and problem solved a few issues quickly without fuss.Great work from the South East IT Team
Triangle Waterquip
1607321679
When our emails crashed on a Friday it was pretty stressful considering we had just terminated a support plan with our previous IT companyI contacted the company who had been handling our IT through the day but no luck...When it got to 5:30pm I thought I would try someone locally and gave South East IT a call, what a great decision that turned out to be! Within 10 minutes of talking to Chris I knew this company was the company I wanted handling our IT Support.He was about to walk into a meeting and told me he would have someone call me asap, within 30 mins not only had they called me they had fixed the problem completely.Since then we have had them Migrate our email server to 365 and every single time I've emailed or called Craig for support no matter how big or small the query he has been fantastic. He always returns calls and emails in a timely, polite and professional manner and goes above and beyond to make sure the customer is happy.I would highly recommend this company
Dano Arbon
1596046809
Great place to have all your IT work done. I have been working with SouthEast IT sometime now. They are great to work with and are prompt at responding to my requests. They certainly know what they are doing when it comes to all things IT, including stuff like business emails, Cloud work, office 365, networking, file-sharing, and even MYOB services, etc... If you're in the Melbourne area and need these types of services for your business, then I'd give them a call. Thanks.