Articles related to tax and taxation, especially small business tax.
Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!
Does your business buy products and services from overseas suppliers? If so, you may be charged GST, but not always! We can review your accounts and software tax codes to make sure GST claims on overseas purchases are correct.
The 2022 Fringe benefits tax (FBT) year ended on 31 March 2022, so it’s a good time to start considering what you need to do to lodge your business’ FBT…
If your business does not meet its superannuation guarantee (SG) obligations, it may have to pay additional penalties or charges on top of the superannuation guarantee charge (SGC). Note! SG…
According to ASIC, there has been surge of promoters encouraging individuals to set up SMSFs in order to invest in crypto-assets. It warns that crypto-assets are high risk and speculative,…
As investing in cryptocurrency becomes more popular in Australia, there is also a corresponding increase in the amount of scams being reported. Due to the unregulated nature of cryptocurrency and…
You've worked hard for years, built your business but its now time to consider something else. Usually, selling an asset such as a business would generate a signficant amount of…
Taxwise, not a lot has changed for individuals this year. We are seeing is a renewed focus by the ATO on outstanding tax returns and ensuring you have substantiation in…
With 30 June fast approached, its time to have a little think about your year end tax position. Some businesses have had a shocking financial year, while others have had…
There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be…
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