Four ways to maximise your business and minimise your tax

Federal government tax break

With the end of the financial year not too far away, you may be considering how best to minimise your tax whilst maximising the investment in your business. It may have been a while since you have investing in your business, and whilst the $30,000 instant tax right-off legislation passed, it’s worth getting in whilst it is still available, here are a four ways worth considering:

  1. Upgrade replacing hardware and outdated software. As noted in our earlier blog articles, Microsoft ends support for Windows 7 in early January 2020. Now is the time to consider the purchase of a new computer and upgrading the operating system and possibly your software as well. Newer hardware and software will improve the reliability of your environment.
  2. Migrate your server to the cloud. Services such Office 365 enables you the ability to take advantage of practically anytime, anywhere access to your data. We see many clients appreciate the difference having the ability to be see your email, calendar and contacts shared between devices and increase their productivity.
  3. Look at training and upskilling. With many technology changes that have occurred over the past few years, it could be worthwhile undertaking some professional development and training. If you or your staff haven’t done so already, it may be the ideal time to ensure they are prepared for the upcoming changes and raise their performance.
  4. Pre-purchase hours for next year. CyberGuru has purchase a block of ten hours to use next financial year. By doing so, you can have these available at your disposal to use on any of our solutions, whether it be consulting, design, support or training.

If you are looking at taking action before the end of financial year, be sure to speak to your accountant first to review your circumstances and see how these deductions will work for you. If now is the time to look to this, we can assist by identifying and reviewing your particularly needs and sourcing the necessary equipment, get you set up and provide ongoing support and regular maintenance going forward. For more information, please review our solutions or contact us today.

June 30 is coming: Is it time for an upgrade?

June 30 is coming: Is it time for an upgrade?
June 30 is coming: Is it time for an upgrade?
Image designed by Kstudio / Freepik

It’s nearly the end of financial year! As another tax time rolls around, you may be considering tax deductions, ways to maximise your income or finalising budgets for next financial year.

Whilst buying discounted office supplies and stationary during the “end of financial year sales” may provide for some of these, it’s timely to think about whether you would like to look at giving you and your organisation a real upgrade. You may also be looking at how best to take advantage of what you already have.

Here’s three suggestions of what you might like to do:

  • Hardware and Peripherals: Purchase or upgrade existing hardware, such as desktop and laptop computers, printers or peripherals.
  • Software: Purchase a new software edition or subscription to Microsoft Office, Norton Security Premium, Acronis Backup. You may also like to subscribe to cloud-based services such Office 365.
  • Knowledge: Seek assistance to provide your business with the necessary training and skills to improve your operations.

Whether it is computer hardware, software or knowledge, there are some great investments you can make to give your business the edge. CyberGuru can assist you with making the most out of these improvement, and work on a plan going forward.

It the time you can give you a business, contact us to review your requirements and to provide some answers to your questions.