How to get the most out of conversations with your advisor

▤ Summary

Many small business owners visit their bookkeeper, accountant or BAS agent to get help with things like tax deductions and reporting at end of financial year (EOFY). We’ve compiled a list of tips to help you build trust and understanding, all so you can leverage your advisor’s skills, experience and counsel to thrive in the new financial year. However, to provide top quality advice, an advisor needs to develop a deep understanding of your business – over time and through frequent contact. The more time you give your advisor between now and 30 June, the better prepared they’ll be to help manage your tax position and put strategies in place for the last 30 or 60 days of the financial year. The latter could leave you vulnerable to exceeding FY22 super thresholds for you and your employees and missing out on the deduction in the current financial year altogether.

▦ Linked Companies

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