Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.
The role of a tax accountant has been continuously changing over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting.
Preparing your business activity statement (BAS) or income tax return is definitely one of the less glamorous elements of running your retail or ecommerce business.
I recently overlooked a GST bill.
The taxman is not okay with that. He wants his money. And fair enough; I want free healthcare and the other benefits of being a taxpayer.
No matter what type of business you start, while you’re getting up and running, you’ll have a number of expenses that you’ll need to pay for up front.
To help you invest more money in growing your business, you’re now able to claim back certain startup costs, sooner.
It’s the beginning of the new financial year which means it’s time to review, reset and plan for the year ahead.
Here are 7 steps to help your business start the new financial year out right.
It's tax time again. Follow our top tax tips to make tax time a breeze.
Your business website costs may be claimed as a tax deduction...
We’ve recently added an ABN search feature to the new business.gov.au. This feature is similar to the ABN search feature you may have used on our site previously.
Close to one million businesses in Australia are home-based – a significant portion of the nation’s business community.
Running a home-based business offers a number of advantages including flexibility, convenience, freedom and cost savings. And when it comes to tax time, operating a business at or from your home means you may be eligible for a number of tax deductions.
During the 2015 federal budget, the Australian Government labelled small businesses as the ‘engine room of the Australian economy’ – driving growth and creating jobs.
A year on, the federal government solidified that moniker. They handed further tax cuts to small business owners and increased the revenue threshold to include a further 60,000 businesses not previously eligible for lower taxes and asset deductions.
As an employer, it's important you understand the difference between employees and contractors. You're responsible for getting it right!
Welcome to 2016!
To help your business start 2016 off on the right foot, we’ve put together a list of changes for business that came into effect from 1 January 2016.
You need to cancel your ABN after you’ve sold or closed your business.
If you want to reduce greenhouse gas emissions in your business and help the environment, going carbon neutral in your business is a great way to do your part.
Did you know that Free Trade Agreements (FTA) can be used by businesses large and small?
As FTAs come into force, you may find new opportunities to expand your business overseas. Or, you may find that overseas investors are interested in partnering in your business operations.
Make sure you understand how FTAs work and what help is available to you!
Starting a business is a big decision, and needs careful research and planning well before you start trading.
If you pay for a website for your business, here are some things to remember about claiming the costs…
The ATO app puts tax and super help in your hand, making it easier for you to conduct your tax and super affairs on the go.
Your website or LinkedIn profile will often be the first thing about your company that a prospective client sees, and as we all know, you only get one chance to make a good first impression.
Tax information for employees that need to transport bulky tools and equipment between their home and work. There are rules that you need to check and records you need to keep.
Find out how the ATO are making taxes less taxing with the introduction of myTax. Visit http://ato.gov.au/myTax for more information and to check if it's right for you
This short video is an introduction to what you need to know when buying, owning, and selling your rental property.