Your New Financial Year Business Checklist
Hey there,
We hope you've had a great start to the new financial year!
Whether you're a seasoned business owner or just starting out, we’re here to help make business easier for you this financial year.
Here are just a few ways you can use Parpera to get paid faster, stay on top of your expenses, and take care of your taxes.
💰 Get paid faster
Making a dollar is hard work and getting paid on time can be even harder. Here's how you can use Parpera to get paid up to 2 - 3 times faster.
Invoicing: digitise and automate on the go
- Get paid 2x faster invoicing with Parpera1
- Send and manage professional and customisable invoices on your mobile
- Save time using reusable invoice items
- Stress less and let our automated invoice reminders chase your clients for you
Accept card payments: by phone or online
- Get paid up to 3x faster by accepting card payments2
- Control the cost of getting paid with the option to pass on the card surcharge fee
💸 Manage your expenses
Once you've received those hard-earned dollars, you need to have a clarity and control over where they're going. Here's how you can use Parpera to stay on top of your expenses and make your hard earned dollars go further.
Understand your income and expenses
- Automatically categorise your transactions
- Instantly see when and what you're spending on, like software or subscriptions
- Easily view your top expenses and where you receive the most money from
Maximise your cash flow
- Schedule bill payments for when they're due to maintain your cash flow
- Transfer money you're not using to Parpera Earn and get a 3.6% p.a. variable return^
- Schedule a recurring payment to pay yourself a regular salary (and don't forget Super!)
📝 Take care of your taxes
Did you set aside enough money for taxes last financial year? Here's how you can use Parpera to take care of your taxes and stress less at tax time.
Track your tax estimate in real-time
- See real-time income, company and GST tax estimates
- Set aside money for taxes to avoid an unexpected bill come tax time
Automatically save your taxes
- Automatically save a % of the money you receive based on your tax estimates
- Earn 3.6% p.a. variable return^ on the money you set aside for your taxes
Prepare your quarterly BAS simply
- Prepare your quarterly Business Activity Statement (BAS) with our AI-powered tool
- Save time and money with simple instructions on how to lodge your BAS yourself or with a BAS agent
Record tax-deductible business expenses, GST and store receipts
- Automatically mark expenses as tax-deductible or toggle on GST so you can easily claim them at tax time
- Snap and save receipts digitally to help you maintain accurate and compliant records
📅 Key tax reporting dates for FY25
Save these dates 👇 Don't miss tax deadlines, penalties may apply.
Sole trader tax return due date
31 October 2024
Small company tax return due date
28 February 2025
If you have any prior year returns outstanding, the due date will be 31 October 2024.
Quarterly Business Activity Statement (BAS) due dates
Q4 FY24: 28 Jul '24
Q1 FY25: 28 Oct '24
Q2 FY25: 28 Jan '25
Q3 FY25: 28 Apr '25
Got questions? We're here to help. Chat with our team
Wishing you all the best for the new financial year!
Daniel Cannizzaro
Founder and CEO
1Based on people like you who use Parpera to take care of their invoicing compared to the average payment time to small business owners in Australia.
2Based on a sample of two million MYOB invoices between August 2019 and July 2020 on days to payment for invoices paid via online invoice payments versus non-online invoice payment invoices.
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