Resources
Small business owners: Why you should definitely pay yourself a salary
Many business owners just take whatever they want, whenever they want and have their accountant sort it out at the end of the year
David Koch
The 10 commandments of tax, according to Kochie
It comes around every year. When our attention turns to the fiscal fiend and the amount of tax he has slugged us. Naturally, as good citizens, we don’t mind paying the right amount of tax but we are damned if we are going to pay a penny more than we have to. The problem is… Read more »
Finance
5 tips to get your tax in order before October 31
If you run a side hustle you have less than two weeks to lodge your individual tax return of face fines from the Australian Tax Office (ATO). Don’t stress – these tips from Chartered Accountants Australia will help simplify things. “For some, the process of lodging a tax return can seem daunting, however knowing a… Read more »
News
Ask for help and remember you need to claim your losses
The Australian Taxation Office (ATO) has reminded businesses doing it tough as a result of COVID-19 that they have a range of options including claiming a deduction for losses. ATO Assistant Commissioner Andrew Watson said the ATO understands small business owners are facing uncertain times and may be feeling stressed about meeting their tax commitments.… Read more »
Finance
ME Tax Back survey reveals Aussies are curbing spending
It seems the days of splurging your tax return on frivolous purchases are gone, with a new survey by ME revealing the majority of Australians plan to save or invest their tax returns or use the refund to pay bills or pay down credit card debt. The survey results found 43 per cent of Australians… Read more »
