Tradies are busier than ever. We talked to our favorite tradie accountant, Jimmy Clyne from Melbourne-based accounting firm Clyne Partners, about how Homebuilder could be affecting tradies’ schedules.
The recent 21-22 federal budget announcement included a few things that could help out tradies specifically. Here are Jimmy’s top 3 tips for taking advantage of the Homebuilder scheme just before 30 June. For more information on the budget, read Budget 21-22: What does it mean for tradies?
#1: Make sure you have the right crew.
There’s plenty of work out there for tradies, so make sure that you’re working with the right crew. Goodwork can help you hire subbies or full-time crew whenever you need them.
#2: Buy the tools you need.
Everything needs to happen before the end of June. Upgrade your equipment and you can file for the immediate asset write-off. Just make sure that it’s only for work purchases.
#3: Make sure your paperwork is sorted.
Taking care of your paperwork now will be much easier than when doing it when you’re busier down the line — likely from an increase of Homebuilder projects.
