News

2020 has been difficult but your tax return doesn’t need to be

- June 18, 2020 4 MIN READ

The Australian Taxation Office (ATO) recognises that the small business community has experienced significant challenges this year. Therefore the ATO has devised a range of different approaches to support taxpayers and the community through this tax time. Assistant Commissioner Karen Foat said the ATO is aware many individuals, businesses and their tax agents will have… Read more »

Features

Adopting technology can help SMBs save time and money

- July 2, 2019 3 MIN READ

The beginning of the new financial year can be a transformative time for small-to-medium businesses (SMBs) in terms of reviewing finances and making important business decisions about the year ahead. Technology can help SMBs ensure their tax duties and reporting are accurate and useful – saving time, boosting compliance, budgeting more effectively, to position them… Read more »

Finance

Will work perks be in the firing line this budget?

- December 12, 2017 3 MIN READ

“It’s all good, I’ll claim it back on tax”. How often have you found yourself saying these words without having any clear idea how you’re actually going to claim that long liquid lunch back at tax time? Did you even keep the receipt? As a small business owner, you have many responsibilities, none more so… 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 »