2017 Tax Planning Checklist: Administration Items

Cash Count

Most businesses normally ensure that they conduct cash counts at 30 June to ensure that cash on hand floats, petty cash floats and other cash floats have been reconciled.

Creditors (if preparing tax return on an accruals basis)

Prepare a list of the amounts that you owe to suppliers showing the name, the amount, and the account code classification. Ensure that you have adequate supporting evidence for inclusion of the amount in the creditors’ listing.


Ensure that your business records covering payments, receipts, debtors, stock, assets, etc., are correctly filed and maintained for possible tax audit.