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31-March Tax Year End Checklist
1. Bad Debts Ensure that any debts deemed unrecoverable are fully written off in your accounts before the year-end to qualify as deductible bad debts. 2. Asset Invoices Retain invoices for any new vehicles or equipment purchased during the year. These are necessary for updating your asset register and calculating depreciation claims accurately. 3. Entertainment…
Relationship Property
Anecdotally, during the Christmas and summer holiday time of year there seems to be an increase in relationships ending. Whether it’s the stress of Christmas and the financial pressure that goes with that, or the fact people are on holiday and spending a lot of time in close quarters, it’s a time where some couples…
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Chas Gunaratne 