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 »
It’s the beginning of the new financial year and a raft of tax changes have arrived as of the first of the month – if you run a small business, it’s up to you to be across these changes, writes Chartered Accountants Australia and New Zealand (CA ANZ) Senior Tax Advocate, Susan Franks. “Tax law never… Read more »
For small businesses, the 2018/19 finish line is in sight. At midnight on 30 June, the financial year ends, the books are closed and businesses report their financial situation to the Australian Tax Office (ATO). Matthew Prouse from Xero provides five tips to help small businesses make the most of this busy time and keep stress… Read more »
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