Features

Top tips for small businesses as EOFY approaches

- June 13, 2019 3 MIN READ

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 »

Features

Top tips to avoid online fraud this tax time

- June 19, 2018 3 MIN READ

With the end of the financial year beckoning, it’s time to start thinking about lodging your return. Thanks to the adoption of cloud accounting solutions and online processing, it is easier than ever to lodge your tax. Whilst this is great news for individuals and small business, tax time is also fraught with fraud as… Read more »

Business Basics

Industry specific tax deductions

- June 14, 2017 4 MIN READ

As the end of financial year draws near and whilst there are a wide variety of tax deductions open to all small businesses. Professional services Your business could look to claim the following items: New capital equipment such as computers, laptops, phones or office furniture. This can include the cost of refitting the office kitchen… Read more »

Business Basics

Part 2: tax tips for your small business

- May 22, 2017 3 MIN READ

It’s that time of year when small businesses can benefit by considering strategies to minimise tax burden. In this second article of our three-part series for year-end tax tips we look at accelerating deductions and how small businesses can reduce their tax for 2017. With the individual tax rate set to reduce by 2% for those in… Read more »

Business Basics

Essential 2017 year end tax tips

- May 1, 2017 3 MIN READ

It’s that time of year when businesses can benefit by considering strategies to minimise their tax burden. This is the first of a three part series on tax we are doing to help prepare you for tax time. Here, we look at some actions small businesses can consider in order to reduce their tax for… Read more »