Damin Murdock from Lawpath and Pat Sargent from POP Business discuss everything a business needs to do in preparation for tax time.

1. Preparing Your Business for EOFY
Tax & Legal
With Damin Murdock & Patrick Sargent

2. Today’s Presenters
Damin Murdock
● Lawyer at Lawpath Legal
● Top Commercial Lawyer
● Expertise in business law, consumer law,
litigation, IP law & more
Patrick Sargent
● CEO & Co-Founder at POP Business
● Chartered accountant & Registered Tax
Agent
● Expertise in business advisory, business
tax compliance & Virtual CFO

3. How to Prepare Your Business for EOFY

4. Key points (Tax & Financial)
● Instant Asset Write-Off
● Jobmaker Hiring Credit
● Apprentice and traineeship Extended
● Loss Carry-Back
● Work from Home Expenses
● Legal Plans
● Superannuation Increase

5. Key points (Legal)
● Reflect on your business structure
● Know what you can claim
● Have a look at the 2021 Federal Budget
● Find out what products and service you use are tax deductible
● Recover unpaid debts owed to your business
● Look into pay rises for employees
● See what Government assistance is still available
● Plan ahead
● Organise your records
● Understand any changes to tax laws which may affect your business

6. Preparing Your Business for EOFY
Questions?

7. Resources
Lawpath EOFY Checklist
By joining our Facebook Group, you'll get early
access to new features, updates, and educational
resources to help you grow your business.
Join by searching ‘Lawpath Member Network’ on
Facebook.
POPBusiness EOFY Article
Find out how to Get Ready for the End of
Financial Year by reading this article:
https://lawpath.com.au/blog/how-to-get-ready-
for-the-end-of-financial-year-2021

8. Resources
Lawpath Facebook Group
By joining our Facebook Group, you'll get early
access to new features, updates, and educational
resources to help you grow your business.
Join by searching ‘Lawpath Member Network’ on
Facebook.
Lawpath EOFY Article
Read this article to find out all the important legal
questions you should ask at this time of year:
https://lawpath.com.au/blog/10-questions-ask-
lawyer-before-2022-financial-year