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  • Are you ready for March 31?

    There are many things you must consider prior to 31 March. We have highlighted some of these below, but if there is anything you are not sure about, please give us a call:

    • Incur an expense before 31 March and it is deductible;

    • Debtors should be reviewed and bad debts written off as at 31 March;

    • Work in progress should be carefully calculated as it does affect taxable income;

    • Reviewing imputation credit account balances and considering shareholder continuity, and;

    • Stock counts must be accurate as at 31 March 2016.

    It is important that the shareholder continuity rules are met to ensure losses and imputation credits can be carried forward. Also, where applicable the wholly owned group intercompany dividend exemption can be relied upon. These are just a few of the issues to consider so we don’t miss out on any opportunities for you as our clients. If you think any might apply to you then please take the time now to address them.