As the end of the financial year (EOFY) approaches, it’s time to take a moment, tidy up your records, and set your business up for success in the year ahead. EOFY isn’t just about taxes – it’s an opportunity to reflect, plan for the quieter months, and position your business for growth.
EOFY doesn’t have to be a headache
Whether you’re running a bustling cafe in Dromana, managing a vineyard in Red Hill, or offering a cosy bed and breakfast in the heart of the Mornington Peninsula, EOFY can be a lot easier to navigate when you know the right steps to take – and have a local expert by your side, staying one step ahead and keeping things on track.
That’s where Sphere Accounting & Taxation comes in. As locals who’ve been part of this community for over 50 years, Sphere has a unique understanding of Mornington Peninsula’s operator’s landscape. Their approach is less about “just numbers” and more about giving you the tools, insights, and support you need to get through EOFY and beyond.
Sort your books: Tidy up for the win
Before diving into taxes, let’s get your financial records in order.
Here’s your quick EOFY checklist to help you get started:
- Receipts & invoices: Double-check that every transaction is recorded. From the coffee beans to the cleaning services, you want everything in the books.
- Bank reconciliation: Align your financial records with your business bank statements to make sure everything matches up.
- Inventory count: If you’re a product-based business, count your stock to ensure you’re prepared for the months ahead.
Pro Tip: Keeping these records in order as you go will save time and stress when EOFY comes around.
The Sphere difference: More than just tax advice
EOFY doesn’t have to be stressful, and Sphere’s approach makes planning for the end-of-year period feel much more manageable. With their deep knowledge of the Peninsula’s tourism-driven economy, Sphere’s team knows that running a local business often comes with seasonal ups and downs. They go beyond tax advice to help you strategise and plan for the future.
Sphere helps tourism businesses like yours get ahead of the curve. Whether it’s understanding cash flow fluctuations, identifying often-overlooked tax deductions, or developing strategies for the off-peak months, they’re always thinking one step ahead.
What sets Sphere apart is their hands-on, approachable style. They’re like your local coach – always ready to give you that extra bit of advice to keep you on track.
Want to make EOFY a breeze?
Now is the time to connect with Sphere and make EOFY planning a breeze. Their team of local experts is ready to help you.
