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Top tips for Australian businesses this End of Financial Year

June 5, 2018 Financial No Comments Email Email

End of Financial Year can be a stressful time but there’s some great tools and incentives for Australian businesses to take advantage of this year. 

Kevin Butler, General Manager of Australia’s leading payment solution provider Zenith Payments, has shared his top tips for this End of Financial Year.

Kevin Butler’s top five tips for Australian businesses this EOFY

  1. Think about what purchases you could make before 30 June
  2. Read up on the $20,000 instant asset write off scheme– it ends 30 June too so don’t delay
  3. Check out Corporate Prepaid Cards as a great way to use up marketing budgets
  4. Use new online payment platform B2Bpay to pay for all business purchases and:
    • Reduce cash flow concerns by using your credit card’s up to 55 days interest free period;
    • Earn credit card reward points;
    • Pay any ATO bills and earn full credit card points;
    • Earn Qantas Points on EOFY purchases and all other expenses; and
    • Earn 10,000 bonus Qantas Points on your first $10,000 in total payments with B2Bpay.
  5. Get some advice from your accountant and check out how your business can benefit  – you can even earn credit card and Qantas Points when you pay your accountant using B2Bpay!

“The end of financial year is a great time to do some shopping for your business. Businesses can take advantage by maximising tax deductions before the end of year. What’s more, the government’s $20,000 instant tax deduction initiative is a great tax break for small businesses. Businesses will need to get shopping this month as the instant tax deduction incentive ends 30 June,” says Kevin Butler, Zenith Payments General Manager.

“Cash flow can often limit the ability of businesses to take advantage of these tax breaks and that’s where our new online platform B2Bpay comes in by allowing you to use your credit card’s interest free days to hold your cash longer.”

“Powered by Zenith Payments in partnership with Qantas Business Rewards, B2Bpay is an innovative solution that allows small businesses to pay all business expenses via a single, secure online portal.”

“Using B2Bpay will negate the usual loss of points that occurs when paying the ATO directly by credit card. Instead our customers will be rewarded with a much-needed silver lining at tax time of full credit card points and additional Qantas Points too,” adds Kevin Butler.

With B2Bpay business owners can maximise credit card rewards on all payments in addition to boosting cash flow, productivity and tracking of business expenses. Zenith has partnered with Qantas Business Rewards to allow Qantas Business Rewards Members to earn Qantas Points on all expenses paid via the B2Bpay platform.

B2Bpay is available to businesses across Australia. For more information and to take advantage of the B2Bpay portal when paying your tax this year visithttp://www.B2Bpay.com.au

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