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Archive for category: Tax

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ATO assistance for those with overdue payments and lodgments

A reminder has been released from the Australian Taxation Office to advise that there is help available for those who are currently not up to date with their payment and lodgment obligations.

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ATO assistance for those with overdue payments and lodgments
( Posted in: Tax )

Understanding Your Profit & Loss and Balance Sheet Statements

As a business owner it’s crucial that you keep track of your finances. You don’t need to be an expert on all the reporting if you have a bookkeeper who assists you, but you do need to keep an eye on two key reports to know that you have control of your company’s financial health.

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Understanding Your Profit & Loss and Balance Sheet Statements
( Posted in: Tax )

Update on Temporary Full Expensing – Will It Affect Your Business?

Temporary full expensing (‘TFE’) provides support for businesses, and it encourages investments. Is your business eligible to claim an immediate tax deduction for the cost of an asset this financial year? Let’s look at the impacts of the Temporary Full Expensing rules for small to medium enterprises.

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Update on Temporary Full Expensing – Will It Affect Your Business?
( Posted in: Tax )

Checklist for Starting a Business

All businesses start with a skill, idea or opportunity. But you’ll need more than this to make your business successful. Planning, skills, people, time – and luck – are all important.

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Checklist for Starting a Business
( Posted in: Tax )

How Much Can I Claim on My Motor Vehicle?

If you're using your personal car for work purposes, you may eligible to claim the expenses associated to this. Find out about the rules and claiming methods available.

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How Much Can I Claim on My Motor Vehicle?
( Posted in: Tax )

2022: The year ahead

2021 was to be the year we returned to a post-COVID normal however the pandemic has fundamentally changed the way many of us operate in our personal and work lives. 

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2022: The year ahead
( Posted in: Tax )

The ‘Backpacker Tax’ and the High Court

The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.

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The ‘Backpacker Tax’ and the High Court
( Posted in: Tax )

The Basics of Business Activity Statements (BAS)

Let's look at the basics of BAS. Depending on the size of your business, you will need to complete and lodge a BAS form between one and twelve times a year. 

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The Basics of Business Activity Statements (BAS)
( Posted in: Tax )