{"id":40266,"date":"2022-06-17T12:39:36","date_gmt":"2022-06-17T02:39:36","guid":{"rendered":"https:\/\/getblys.com.au\/?p=40266"},"modified":"2024-06-12T20:06:51","modified_gmt":"2024-06-12T08:06:51","slug":"end-of-financial-year-tips-mobile-professionals","status":"publish","type":"post","link":"https:\/\/wp.getblys.com\/en-nz\/blog\/end-of-financial-year-tips-mobile-professionals\/","title":{"rendered":"4 end of financial year tips for mobile massage and beauty professionals"},"content":{"rendered":"[vc_row type=&#8221;full_width_content&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img loading=\"lazy\" decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation skip-lazy \" data-delay=\"0\" height=\"100\" width=\"100\"  data-animation=\"fade-in\" src=\"\"  alt=\"\" \/><\/div><\/div>[\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;5%&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]<span style=\"font-weight: 400;\">For sole traders, the end of the financial year can be a stressful and confusing time. There are deadlines to keep track of, expenses and receipts to collate, and one long form that covers a lot of really obscure stuff.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But don\u2019t worry &#8211; we\u2019ve got you covered. In this guide, we\u2019ll talk you through:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Claiming business expenses as a mobile massage or beauty therapist<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How to make tax-effective super contributions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Key tax dates to be aware of<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How our accounting service partner Hnry simplifies all of this\u00a0<\/span><\/li>\n<\/ul>\n[\/vc_column_text]<div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div>[vc_column_text]\n<h2><b>Claiming business expenses<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">No matter what your income or level of business expenditure, there\u2019s a real benefit to raising as many business expenses as you can before the end of the financial year.<\/span><\/p>\n<p><strong>How business deductions work<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">There\u2019s a common misconception among sole traders that claiming a business deduction entitles you to reimbursement from the ATO for the value of the deduction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, it doesn\u2019t work that way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But raising business expenses is crucial for reducing your overall tax bill at the end of the year. There\u2019s a double benefit whenever you raise a business expense:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">First, your taxable income is lowered by the value of the expense.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Second, your overall tax rate is reduced (ever so slightly)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example:<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Let\u2019s say you earned $50,000 over the course of a financial year. If you had absolutely no business expenses, your income tax rate would be roughly 13%.\u00a0<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">But if you had spent around $10,000 on business expenses throughout the year, then your business\u2019s profit (after expenses) would be $40,000 &#8211; this is your \u201ctaxable income.\u201d<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">The income tax rate on $40,000 annual income is around 10%, which is 3% lower than your original 13% tax rate.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">In this example, the business deductions had two effects: the first was to reduce your taxable income by $10,000; the second was to lower your tax rate by about 3%. And the impact to your bottom line is significant: before claiming the expenses your total tax owing was about $6,700; after claiming the expenses it dropped to $4,100!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can play around with our accounting service partner, Hnry\u2019s <\/span><a href=\"https:\/\/hnry.co\/au\/tax-resources\/the-au-self-employed-tax-calculator\"><span style=\"font-weight: 400;\">tax rate calculator <\/span><\/a><span style=\"font-weight: 400;\">to see how much of an impact claiming expenses can have on your tax rate.<\/span>[\/vc_column_text]<div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div><div class=\"img-with-aniamtion-wrap center\" data-max-width=\"75%\" data-border-radius=\"none\"><div class=\"inner\"><img loading=\"lazy\" decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation skip-lazy \" data-delay=\"0\" height=\"100\" width=\"100\"  data-animation=\"fade-in\" src=\"\"  alt=\"\" \/><\/div><\/div><div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div>[vc_column_text]\n<h3><b>Knowing what you can and can\u2019t claim<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A lot of confusion from sole traders comes from knowing what they can and can\u2019t claim as a business deduction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s a helpful list of some of the more commons things you can claim as a sole trader:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Clothing:<\/b><span style=\"font-weight: 400;\"> some types of clothing are deductible &#8211; but only when they are solely used for work purposes. This includes:\u00a0<\/span>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Protective clothing<\/b><span style=\"font-weight: 400;\"> &#8211; things like gloves, scrubs, masks, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Compulsory uniforms<\/b><span style=\"font-weight: 400;\"> &#8211; these must either be distinctive to your particular organisation or identify the products or services provided by your employer.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Occupation-specific clothing<\/b><span style=\"font-weight: 400;\"> &#8211; these are clothes that distinctly identify you as a person associated with a particular occupation.<\/span><i>Any other items of clothing that are not specific to these categories or don\u2019t include a company logo cannot be claimed as an expenses.<\/i><\/li>\n<\/ol>\n<\/li>\n<li><b>Equipment purchases:<\/b><span style=\"font-weight: 400;\"> equipment used for work purposes, such as massage tables, beauty products and equipment, laptop and mobile phones can often be claimed as a tax deduction. <\/span>More expensive items may be eligible for accelerated depreciation (also called temporary full expensing) due to Government pandemic stimulus initiatives, but it&#8217;s worth speaking to your tax agent before jumping into that big purchase.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Motor Vehicle Expenses:<\/b><span style=\"font-weight: 400;\"> you can claim a tax deduction for motor vehicle expenses if you use your car travelling between clients. The ATO allows for two different ways to calculate your expense, either maintaining a logbook to work out your business use of your car, or using the cents per km method, up to 5,000kms.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Laundry expenses<\/b><span style=\"font-weight: 400;\">: paying for laundering of towels used for your clients can also be deductible. You will need to hold on to the receipts for these, as well as your other expenses, to meet the ATO\u2019s documentation requirements.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile phone bills<\/b><span style=\"font-weight: 400;\">: if you use your mobile phone exclusively for business purposes, then the deductions you can claim include the cost of the phone and the monthly service fees (prepaid or monthly plans). If the phone is mixed use (business and personal), then you can only claim the percentage that is used for business.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Professional fees and subscriptions<\/b><span style=\"font-weight: 400;\">: there are several types of professional fees and subscriptions you can claim:<\/span>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">an annual subscription to an association for practicing certificates, memberships, or accreditation,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">union fees,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">business-related software, magazines, or licensing fees.<\/span><\/li>\n<\/ol>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Professional insurance<\/b><span style=\"font-weight: 400;\">: if you have professional indemnity insurance for the protection of your clients, public liability insurance which covers your business in the event that an incident occurred, or if you have insurance for all of your business assets, then you can claim the insurance as an expense.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Advertising<\/b><span style=\"font-weight: 400;\">: if you advertise your business in any way (including website, signs, digital advertising, printed brochures, or newspaper advertisements), then these costs can be claimed as a business deduction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Professional development<\/b><span style=\"font-weight: 400;\">: if you pay for any courses or training and development that maintains or increases the knowledge, capabilities or skills you need to earn your income in your current occupation, then <\/span><span style=\"font-weight: 400;\">\u2014 <\/span><span style=\"font-weight: 400;\">you guessed it <\/span><span style=\"font-weight: 400;\">\u2014 <\/span><span style=\"font-weight: 400;\">you can claim it as a business expense.<\/span><\/li>\n<\/ol>\n[\/vc_column_text]<div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div><div class=\"img-with-aniamtion-wrap center\" data-max-width=\"75%\" data-border-radius=\"none\"><div class=\"inner\"><img loading=\"lazy\" decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation skip-lazy \" data-delay=\"0\" height=\"100\" width=\"100\"  data-animation=\"fade-in\" src=\"\"  alt=\"\" \/><\/div><\/div><div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div>[vc_column_text]\n<h2><b>Making effective superannuation contributions<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Unlike a salaried\/PAYG employee, sole traders are (usually) on their own when it comes to saving for retirement<\/span><span style=\"font-weight: 400;\">\u2014<\/span><span style=\"font-weight: 400;\">which leads many self-employed contractors and freelancers to kick their retirement planning down the road.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But by making voluntary contributions to your superannuation fund, you can maximise available government benefits and gain more in the long run. Here are two ways to make the most of your contributions:<\/span><\/p>\n<p><strong>Superannuation concessional contributions<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">There is a tax benefit in contributing to super under the <\/span><b>concessional contribution <\/b><span style=\"font-weight: 400;\">scheme. Your super contributions come out before tax and are taxed separately at just 15% up to a limit of $27.5k a year, which means <\/span><i><span style=\"font-weight: 400;\">the concessional contribution is a great way to lower your tax rate<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if you earn $80k per year, your top rate of tax is 32.5%. If you make a concessional contribution of $10k to your superannuation fund, then that $10k gets deducted from your income before tax. The $10k super contribution would then get taxed in your super fund at just 15% rather than 32.5%, thus reducing your total annual tax bill by $1,750!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s worth noting that you can add up to another $110k (on top of the $27.5k concessional limit) towards superannuation, but you can\u2019t claim a deduction for this and it <\/span><a href=\"https:\/\/www.ato.gov.au\/Individuals\/Super\/In-detail\/Growing-your-super\/Super-contributions---too-much-can-mean-extra-tax\/\"><span style=\"font-weight: 400;\">comes out of your post tax income<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contributing to your super is an important way of saving for your long-term future and the tax deduction is a nice sweetener to incentivise good behaviours.<\/span><\/p>\n<p><b>Superannuation co-contributions<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Australian government also has an i<\/span><a href=\"https:\/\/www.australiansuper.com\/superannuation\/grow-your-super\/make-after-tax-contributions#cocontribution\"><span style=\"font-weight: 400;\">nitiative called the Super co-contribution<\/span><\/a><span style=\"font-weight: 400;\"> scheme, to help low-and middle-income earners increase their superannuation contributions. The government will match a certain amount of contributions you make into your superannuation up to a maximum of $500. Put simply, if you meet the <\/span><a href=\"https:\/\/www.ato.gov.au\/Individuals\/Super\/In-detail\/Growing-your-super\/Super-co-contribution\/?anchor=Eligibilityforthesupercocontribution#Eligibilityforthesupercocontribution\"><span style=\"font-weight: 400;\">eligibility criteria<\/span><\/a><span style=\"font-weight: 400;\"> and put $1,000 into your superannuation scheme, the government will give you $500 for free.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This government contribution gets paid directly into your super scheme after you have lodged your tax return. Remember though, if you make personal contributions and claim an income tax deduction for the contribution, you won&#8217;t be eligible for the co-contribution scheme.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The amount of super the government is willing to contribute depends on two factors:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your income, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How much you personally contribute to super<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The table below is a guide to how much the government will contribute to your super given each of those factors.<\/span>[\/vc_column_text]<div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div><div class=\"img-with-aniamtion-wrap center\" data-max-width=\"75%\" data-border-radius=\"none\"><div class=\"inner\"><img loading=\"lazy\" decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation skip-lazy \" data-delay=\"0\" height=\"100\" width=\"100\"  data-animation=\"fade-in\" src=\"\"  alt=\"\" \/><\/div><\/div><div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div>[vc_column_text]\n<h2><b>Key Dates to Remember<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Perhaps the most important thing to remember is that your tax obligations aren\u2019t over at the end of June. There are a <\/span><a href=\"https:\/\/www.ato.gov.au\/Tax-professionals\/Prepare-and-lodge\/Tax-agent-lodgment-program\/Tax-returns-by-client-type\/Individuals-and-trusts\/\"><span style=\"font-weight: 400;\">handful of dates throughout the year<\/span><\/a><span style=\"font-weight: 400;\">, all of which are crucial to ensure you\u2019re up-to-date and compliant with your taxes and obligations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what are some of the big tax dates you need to remember?\u00a0<\/span><\/p>\n<p><b><i>1st of July<\/i><\/b><b>. <\/b><span style=\"font-weight: 400;\">This is the biggie: the start of the new financial year. From this date, you can begin applying for your tax refunds for the prior financial year.\u00a0<\/span><\/p>\n<p><b><i>31st of October<\/i><\/b><b>.<\/b><span style=\"font-weight: 400;\"> If you don\u2019t have an extension or a tax agent, you\u2019ll have until the end of October to lodge your tax return and pay the amount owing if needed.<\/span><\/p>\n<p><b><i>15th of May (of the following year)<\/i><\/b><b>. <\/b><span style=\"font-weight: 400;\">If you do have a tax agent or accountant, you may be eligible for an extension to 15th of May the following financial year to submit your completed tax return. <\/span><b><i>Note: <\/i><\/b><b><i>once your tax return is lodged you might have money owing. Don&#8217;t delay paying this off! Conversely, if you are owed a refund, any delay in filing your return is money you are missing out on. This date is also different if you have had years where you have failed to lodge a tax return.\u00a0<\/i><\/b><\/p>\n<p><b><i>28 October, 28 February, 28 April and 28 July.<\/i><\/b> <span style=\"font-weight: 400;\">As\u00a0 a sole trader you may need to complete a quarterly <\/span><a href=\"https:\/\/www.ato.gov.au\/Business\/Business-activity-statements-(bas)\/\"><span style=\"font-weight: 400;\">Business Activity Statement (BAS)<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.ato.gov.au\/Business\/Business-activity-statements-(BAS)\/Instalment-notices-for-GST-and-PAYG-instalments\/\"><span style=\"font-weight: 400;\">Instalment Activity Statement (IAS)<\/span><\/a><span style=\"font-weight: 400;\"> as well. If you do, these are the lodgement and payment dates for your quarterly BAS.<\/span>[\/vc_column_text]<div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div><div class=\"img-with-aniamtion-wrap center\" data-max-width=\"75%\" data-border-radius=\"none\"><div class=\"inner\"><img loading=\"lazy\" decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation skip-lazy \" data-delay=\"0\" height=\"100\" width=\"100\"  data-animation=\"fade-in\" src=\"\"  alt=\"\" \/><\/div><\/div><div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div>[vc_column_text]\n<h2><b>How Using Hnry Simplifies Lodging Taxes<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If this is all sounding confusing, our accounting service partner, <\/span><a href=\"https:\/\/hnry.com.au\/au\/blys\"><span style=\"font-weight: 400;\">Hnry<\/span><\/a><span style=\"font-weight: 400;\"> can help you out.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hnry automatically calculates, deducts, and pays all of your taxes whenever you get paid. Income tax, GST, Medicare levies, and Student Loan repayments<\/span><span style=\"font-weight: 400;\">\u2060 \u2014 <\/span><span style=\"font-weight: 400;\">it\u2019s all sorted as you go so you don\u2019t have to worry about owing tax at the end of the year. They act as your accountant and will review your expenses and lodge your tax returns whenever they\u2019re due.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a member of the Blys community, you can sign up to Hnry and use the promo code BLYS to get your first $2,500 in payments processed for free. <\/span><span style=\"font-weight: 400;\">Find out more by visiting the <a href=\"https:\/\/hnry.com.au\/au\/blys\">Hnry website<\/a>!\u00a0<\/span><\/p>\n<p>If you have more questions about tax time as a mobile massage, beauty or wellness provider, watch the tax information session Blys hosted with Hnry:[\/vc_column_text][vc_video link=&#8221;https:\/\/www.youtube.com\/watch?v=A_oEtKevNjY&#8221; el_width=&#8221;70&#8243; align=&#8221;center&#8221;]<div class=\"divider-wrap\" data-alignment=\"default\"><div style=\"height: 7px;\" class=\"divider\"><\/div><\/div>[\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; bg_color=&#8221;#faf1eb&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;center&#8221; top_padding=&#8221;3%&#8221; bottom_padding=&#8221;3%&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1655433499655{padding-top: 40px !important;}&#8221;]\n<h2 style=\"text-align: center;\">Ready for the end of financial year?<\/h2>\n<p style=\"text-align: center;\"><i>Take a look at our partner Hnry for easy finance<\/i><\/p>\n[\/vc_column_text][nectar_btn size=&#8221;large&#8221; open_new_tab=&#8221;true&#8221; button_style=&#8221;regular&#8221; button_color_2=&#8221;Accent-Color&#8221; icon_family=&#8221;none&#8221; url=&#8221;https:\/\/hnry.com.au\/au\/blys\/?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=hnry&#8221; text=&#8221;Visit Hnry today&#8221; css_animation=&#8221;fadeInUp&#8221; margin_bottom=&#8221;40&#8243;][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1655867114534{padding-top: 40px !important;}&#8221;]\n<p style=\"text-align: center;\"><i data-stringify-type=\"italic\">While Blys strives to present information as timely and accurately as possible, we are not providing official legal advice and encourage readers to seek professional legal advice from a credited tax accountant. The information outlined in this blog has been supplied by Hnry &lt;<\/i><i data-stringify-type=\"italic\"><a class=\"c-link c-link--focus-visible\" tabindex=\"-1\" href=\"http:\/\/w\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"http:\/\/w\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">http:\/\/w<\/a><\/i><a class=\"c-link c-link--focus-visible\" tabindex=\"-1\" href=\"http:\/\/ww.hnry.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"http:\/\/ww.hnry.com.au\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">ww.hnry.com.au<\/a>&gt;<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;full_width_content&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;5%&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]For sole traders, the end of the&#8230;<\/p>\n","protected":false},"author":1883,"featured_media":40258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[386,387],"tags":[],"reviewer":[],"class_list":{"0":"post-40266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blys-insiders","8":"category-business-advice"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 EOFY Tips for Mobile Massage &amp; Beauty Business Owners | Blys<\/title>\n<meta name=\"description\" content=\"EOFY doesn&#039;t have to be stressful for sole traders. 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