Commercial Vehicles
Commercial Vehicles Commercial vehicles are permanent feature of the Aussie business landscape. From trusted utes and commercial trucks to vans and sedans, for many business owners vehicles are considered a standard cost of doing business. Yet they can also be a common tax trap. Without the right knowledge of the various deductions and thresholds, chances […]
Our Guide to the Right Bookkeeping Software for Your Business
How to choose the best bookkeeping software for your business Facebook Twitter LinkedIn In the fast-paced and ever-evolving world of business, effective bookkeeping is fundamental to financial success. As technology continues to advance, bookkeeping software has become an indispensable tool for businesses of all sizes. However, with seemingly endless options available on the market, choosing […]
Christmas Parties: Tax tips for Small Businesses
Christmas Parties Tax Tips for Small Businesses More tinsel, less tax. That should be the aim of every business owner hosting a Christmas Party this festive season. While Christmas Parties are a time for celebration, in terms of tax implications they can also be incredibly confusing for small business owners. Different types of parties attract […]
Understanding Fringe Benefit Tax: A Small Business Case Study
Understanding Fringe Benefit Tax: A Small Business Case Study Facebook Twitter LinkedIn Far from an additional tax burden to your business, Fringe Benefits can be a useful way to attract, retain and reward employees and build a positive workplace culture. When employees receive fringe benefits tailored to their needs and interests, they are more likely […]
Christmas Party tax rules and deductions explained
Christmas Party tax rules and deductions explained ‘Tis the season to be jolly! But nothing deflates Christmas spirit faster than a large tax bill… Staff Christmas parties are a staple of the festive season, and business owners who don’t want to play the role of Scrooge are expected to get into the spirit. But not […]
The ATO is increasing its debt collection efforts
The ATO is increasing its debt collection efforts, and small businesses need to act “I am unapologetic about our shift to exercise firmer debt collection actions when appropriate.” That’s the message from Commissioner of Taxation Chris Jordan AO who signalled the ATO’s intent to step up its debt collection efforts, and small businesses should be […]
Mistakes To Avoid When Registering For An ABN
Mistakes To Avoid When Registering For An ABN Facebook Twitter LinkedIn Registering for an Australian Business Number (ABN) is an essential step for anyone doing business in Australia. It can be an exciting time if you’re at the beginning of your business journey. But even for established businesses or experienced operators, there can be a […]
Lodging BAS: Commonly Asked Questions From Business Owners
Lodging BAS: Commonly Asked Questions From Business Owners Facebook Twitter LinkedIn If you’re a business owner, chances are you’ve heard of BAS, otherwise known as Business Activity Statements. They’re a common (and frequent) reporting tool that keeps the Australian Taxation Office (ATO) up to date on the financial activity of your business, particularly GST and […]
The ATO is cracking down on small business tax debt. Are you ready?
The Australian Tax Office (ATO) has signalled its intent to crack down on collectable tax debt, setting its sights on the $33b currently owed by small businesses. Figures revealed at this month’s Tax Institute Tax Summit showed that collectable tax debt had increased by 89% in the past four years, with small businesses over-represented in […]
What You Need To Know When You Start A New Business
Starting A New Business – What You Need To Know Embarking on the entrepreneurial path can be both exciting and daunting. To transform your business idea into a thriving reality, you need more than just passion and ambition; you need guidance and expertise. The “Starting a Business: What You Need to Know” e-Guide is tailored […]