Getting your Business EOFY Ready

HOW TO GET YOUR BUSINESS EOFY YEAR READY

Cooking the books at midnight on the 30th June is not the most effective end of year strategy. Planning ahead is key and getting your business financial house in order early will go a long way to taking the stress out of tax time. Planning ahead for taxes and ensuring your cashflow forecasting is in place for the next financial year are keys to financially healthy businesses.

Over a delicious lunch you will hear from 2 expert speakers in their fields. 

Sarah Reimann, Virtual CFO and strategic business advisor, and Peter Reimann, accountant and tax expert.

Sarah:  The Importance of Cashflow Planning for the new Financial Year

• Managing bad debts, writing off and pre paying expenses
• How to project your liabilities and reduce your debt going forward
• Measuring the financial health of your business
• The importance of reviewing your pricing, margins and cost structures
• Why cashflow is king and profit is a vanity metric
  

Joe: Effective Tax Planning Strategies for Business

As the end of financial year approaches, the opportunity for astute tax planning arises. The goal of tax planning is to arrange your financial affairs to minimise your taxes. To ensure this is effective we need to make the best estimate possible of your profits and then taxable income. Using companies, trusts, and super funds to distribute income is an effective strategy, but not the only one. You also need to take into account ALL possible deductions and any tax office incentives, how they affect your tax position. There are legal ways to minimize and reduce taxes, it is not only smart, but essential.

Your Host: Sarah Reimann

Sarah is a Virtual CFO, Business Strategist & Professional Speaker. Up until 2018 Sarah was a tax accountant and ran her own firm for 15 years. As a business owner since 2006 she is passionate about helping business owners with the challenges they face managing staff, finances, operations, and building businesses that are profitable, scalable and saleable. Sarah is a self confessed numbers nerd and passionate about helping organisations make smart financial and strategic decisions! From a Year 10 High School drop out and working in a supermarket, Sarah went back to school at the age of 23 and studied her accounting degree over the next 7 years whilst being a mother to 2 young daughters in the early 2000s. In 2018 Sarah sold the accounting firm and pursed a career in Professional Speaking and CFO Consulting services.

Special Guest Speaker: Joe Maurici

As the director of Ashmans Accounting Adelaide, Joe prides himself on genuine care, tailored advice and dedicated commitment to maintaining the prosperity of his clients.
He has expertise in taxation and business advisory services, management and strategic direction in a broad range of professions and industries 

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