With the end of the 2019 approaching, we would like to draw your attention to some things worth considering as part of your year-end tax planning. As always, we are here to assist you. If you have questions about any of the strategies mentioned in this email, or you would Read more…
Earnt interest from a bank account you may have totally forgot about? Missed or forgotten income is an easy mistake to make, especially if you earnt it way back at the start of the financial year. Make sure you consider all of your income sources and declare them, otherwise the ATO may catch Read more…
With the end of the 2018 approaching, we would like to draw your attention to some things worth considering as part of your year-end tax planning. As always, we are here to assist you. If you have questions about any of the strategies mentioned in this article, or you would Read more…
We all know the importance of starting our day by eating a healthy breakfast; a proper breakfast provides your body with the fuel it needs to function well after the night’s fast. It’s just as important to start your work day right by starting with a daily planning session; it will provide you Read more…
In early July, the Turnbull government released draft legislation and explanatory material for the housing affordability and tax integrity measures announced in the 2017-18 Budget, with submissions to the draft legislation closing on 10 August 2017. The proposed legislation means that property investors will no longer be able to claim travel expenses to inspect residential investment Read more…
The government’s move to legislate significant amendments to competition laws in a bid to deter anti-competitive conduct has been called a huge win, for small businesses in particular. The amendment will help address anti-competitive conduct and protect the competition process rather than the interests of individual players in the market. In mid-August the Competition and Consumer Amendment Read more…
Tax Time Deductions For Small Business. Whilst you cannot claim private expenses, as a small business owner, you can claim a deduction for most costs you incur in running your business, for example staff wages, marketing, and business finance costs. Just remember to always ensure you keep records to support your claims. What business Read more…
In the wake of yet another cyber-attack to hit the world this week, including reports of at least two Australian companies affected by the ‘Petya’ ransomware attack, it’s a timely reminder for business owners about the importance of protecting your business from cyber-attacks. Small business owners can no longer overlook Read more…
As a small business owner, if you choose to structure your business as a corporation, drawing a salary is just one of the options when it comes to paying yourself, and some of the other options may be better for you tax-wise. Whilst there are really no hard and fast rules about Read more…
Youth Jobs PaTH (Prepare-Trial-Hire) is a new Australian Government program that makes it easier for you to find and recruit the right young person for your business. As part of Youth Jobs PaTH, you can host a young person aged 17–24 in an internship placement to find out if they are a good fit for Read more…
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