BUSINESS FINANCE

Tax Planning Checklist 

With the end of the financial year fast approaching, smart practice owners are planning the year ahead, looking at budgets, forecasts and KPIs. But before that, they’re also considering their likely profit position as of 30 June 2022, and where they might claim further deductions to minimise tax liabilities.

EDUCATION

Register now for Education 

Registrations are now open for the second round of Intro to Optics, Advanced Optics and Advanced Lenses for 2022!

The new round of courses begins on Tuesday, July 5th and is delivered via a combination of online learning and face to face practical experience.

The following courses commence on:

• Intro To Optics - July 5 REGISTER HERE
• Advanced Optics - August 9 REGISTER HERE
• Advanced Lenses - October 31 REGISTER HERE

We hope to see as many of you as possible at the training over the months ahead. Please head to ProLearn to finalise your registration. If you have any questions, please call our office and ask for the Education Team or email us at education@provision.com.au

CYBER SECURITY

Register your Domain Name

The Australian Cyber Security Centre (ACSC) has highlighted the potential for cybercriminals to impersonate a business by registering a new domain name.

To help protect your business from opportunistic cybercriminals, the Australian Cyber Security Centre (ACSC) recommends that all Australian businesses with existing domain names register their .au equivalents before 20 September 2022. If a business does not reserve their .au equivalent direct domain name during this six-month period, that name will become available to the public on a first come, first served basis.

You can reserve your .au domain name by visiting an auDA accredited registrar.  Further information on these changes and the registration process is available on auda.org.au/au-domain-names:

• About .au Domain Names
• The .au Direct Launch
• The Priority Allocation Process

Further articles for review on this matter:

• Business Australia – Government warns of the cyber threat to businesses
• McCullough Robertson Lawyers (Digital and Intellectual Property)

The initiative is made possible through a breakthrough global partnership with Plastic Bank, a social enterprise that builds ethical recycling ecosystems in coastal communities.

For every box of CooperVision one-day contact lenses distributed in Australia and New Zealand, CooperVision purchases credits that fund the collection and recycling of ocean-bound plastic into the global supply chain, which is equal to the weight of the plastic used in its one-day contact lenses, the blister and the outer carton packaging.²

Plastic Bank collectors in the coastal communities receive a premium for the materials they collect, which helps them provide basic family necessities such as groceries, cooking fuel, school fees, and health insurance. For more information on Plastic Bank please follow this link: https://plasticbank.com/

The “ProBrand” family of one-day contact lenses is also now plastic neutral. Ask your CooperVision Business Development Manager for more information or follow this link to CooperVision’s website.

^{References:
1 One-day contact lenses are defined as orders for those products and include product sold and distributed by CooperVision in Australia and New Zealand
2 Plastic neutrality is established by purchasing credits from Plastic Bank. A credit represents the collection and conversion of one kilogram of plastic that may reach or be destined for waterways. CooperVision purchases credit equal to the weight of plastic in our one-day contact lens orders in a specified time period. One-day contact lens plastic is determined by the weight of plastic in the blister, the lens and the secondary package (outer carton), including laminates, adhesives, and auxiliary inputs (e.g. ink).}

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