Talking Cents

Smart ways for you to use your tax refund, by your small business accountants in Melbourne

Don’t know what to do with your tax return? Well our small business accountants in Melbourne have come up with 4 simple ways for you to benefit immensely from your tax return.

A lot of people dread tax time, but what most people need to understand is that if you do it right, it can benefit you so much more than it can hurt you! Being able to juggle and manage your tax return is what makes a huge difference every year when you are given a lump sum of cash.

Here’s what our business accountants in Melbourne recommend for you to do with your tax return:

• Be sure to add to your superannuation, not many people know that they can do this but if you have funds lying around be sure to boost your super!
• Be sure to buy more work related equipment with your tax return, by doing this you are already setting yourself up for a large tax return the year after
• Make sure that you pay off your credit cards or any overdue debt that your business has
• Use your tax refund to get ahead of the game on any business mortgages that you may have, paying early will give you good business reputation and credit scores

Some simple yet very effective ways that our accountants for small businesses in Southbank like to do when they get their tax return back and want to be proactive with it!

As always, feel free to contact our small business accountant in Melbourne with any enquiries that you may have!