Tax Planning 2025
The ATO has provided following tips for small business owners “that can make your tax life easier”:
- Keep an eye on upcoming expenses, and regularly update books and reconcile accounts.
- Set aside the GST collected e.g. by transferring it into another bank account within the business to keep it separate from their cash flow.
- Set aside PAYG withholding and super so funds are available when payments are due.
- Plan ahead and schedule time in the diary to prepare business activity statements and lodge and pay BAS on time.
For assistance with any of these issues, please contact the Omnis team in West Perth on 08 9380 3555.
More than Numbers
Business accounting is more than just numbers and deadlines. It’s about providing tailored insights, actionable guidance and clear communication that aligns with your business goals. At Omnis, we deliver proactive solutions that make sense for your unique needs, helping your business thrive beyond the numbers.