How to set your Australian business up for a better planned financial year
Many Australian businesses have now completed their end of financial year (EOFY) reporting and are looking at lessons learned to improve efficiencies and reduce operating costs coming into the new financial year.
At the same time, inflation induced pressures, wage rises, and superannuation growth are creating new challenges for companies that are still working hard to recover from the long-term economic impacts of COVID-19 and the war in Ukraine, including rising commodity prices and the impact to supply chains1.
Despite these challenges, there are a few simple things that your business can do now to efficiently set yourself up for a profitable new financial year.
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