Your Last Chance To Carry Back Business Losses

Your Last Chance To Carry Back Business Losses Graphic

This is the last year in which, if you have a loss in your company, you can carry that loss and apply it back to any prior years where you’ve made a profit.

There are limitations in how far back you can go, and there’s a process to that. If your company has gone through a loss this year, chat with your accountant and make sure that we get that tax offset. Essentially, you get a rebate on your tax bill for the prior years. 

If you’re keen to explore changing accountants, we have a non-obligation process to do that. The first step is booking a strategy call with one of our accounting team. It’s a free 20-minute zoom or phone call where you get to meet us to manage your questions. 

From that point, you can consider doing a “Look Under The Hood” with us. There is no obligation to change accountants, but we give you a second opinion if you’re paying too much tax. 

Throughout that process, we can identify any problems we see with your current setup. Anything that your current accountant hasn’t claimed, or tax you may have overpaid, and strategies of how we might fix that going forward. We can run through with you once you book with us. 

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