Maximise Your Tax Concessions and Stay Ahead of ICT Trends with EoFY Systems Review

Published on Tuesday, 30 May 2023 at 2:30:46 PM

The End of Financial Year is around the corner, with a constantly evolving world of Information and Communications Technology (ICT) it is a great time to ensure your business is up to date with the latest trends and technologies to stay competitive. When did you last upgrade your ICT systems? Regular reviews ensure your business is running efficiently and effectively. Engage with your Managed Service Provider (MSP) and use this checklist when reviewing your ICT systems to ensure you have the right equipment and systems in place, do it before EoFY to take advantage of any tax concessions:


  • Assess your hardware and software needs

Review your current hardware and software systems to determine if they are still meeting your business needs. Are your systems outdated, slow or unreliable? Perhaps it's time to upgrade your hardware and software to improve productivity and efficiency. Get in quick to take advantage of great EoFY offers from Integrated ICT’s vendor partners.


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  • Review your cyber-security measures

Cyber-security threats are constantly evolving. Ensure that your systems are up-to-date with the latest security measures to prevent cyber-attacks and data breaches. This could include measures such as anti-virus software, firewalls and multi-factor authentication.


  • Check for data backup and disaster recovery

Make sure that you have a reliable and regularly updated backup and disaster recovery system in place. This will ensure that your business data is safe in the event of a disaster or system failure. Not to be forgotten is your day to day data and core infrastructure, by implementing backup for Office 365, businesses can ensure the preservation of their crucial data and gain the ability to track email activities effectively, ask the team at Integrated ICT how.


  • Identify any workflow bottlenecks

Examine your current systems and workflows to identify any potential bottlenecks or inefficiencies. Simplifying and streamlining your workflows can save valuable time and resources.


  • Assess your remote working capabilities

With the rise of remote working, it's critical to ensure your ICT systems are set up to support remote workers. This may include cloud-based software and secure remote access to company data and systems.


  • Assess your Telecommunications Services

Engage with your MSP to evaluate your telecommunication services, such as phone, email, and messaging, and verify if they are meeting business needs. Consider upgrading to more advanced and efficient technologies.


  • Consult with your MSP

Your MSP is a valuable source of information and support for all your ICT needs. Speak to your MSP about your business goals and needs and work with them to develop a plan to meet those objectives. Integrated ICT’s consultants are constantly upgrading their knowledge to ensure they can provide the best ICT solutions for your business.


  • Review tax concessions

Make sure you are familiar with any tax concessions or incentives relating to ICT and technology purchases. Consult with your accountant or financial advisor to ensure your business is taking advantage of any available tax concessions. There are savings for businesses investing in cyber-security measures and training! Check out the Australian Government Budget 2023-24 information.


  • Review Technology Budget

Review your business technology budget, analyse the spending, and forward plan, look for areas to streamline costs and areas to invest in new technology. Consult with your MSP to assist with budgeting.


  • Plan for the New Financial Year:

Create a plan for the new financial year that includes upgrading, renewing, and purchasing technology, training staff, and implementing new cyber-security measures. Align the plan with your business goals and budget. And schedule regular reviews with your MSP!


Remember to regularly review your ICT systems and engage with your MSP to ensure your business is running efficiently and effectively. Use the coming EoFY as a reminder to forward plan for regular reviews with your MSP. By assessing your hardware and software needs, disaster recovery systems, cyber-security measures, workflow bottlenecks, remote working capabilities, tax concessions and working closely with your MSP, you can ensure that your business is ready for the new financial year and beyond.


Speak to the team at Integrated ICT to get your Information & Communications Technology ready for the new financial year, call 6374 8200 email or complete an online form.

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