What Business Structure is right for me?
Setting up a business can be a daunting time. Ensuring you have the right structure in place is vital and could save you from expensive and excessive tax bills down the track once you’re making larger profits. So what are the different structures and what structure best suits your needs? The business structure you need […]
Getting the most out of your Accountant
Growing businesses rapidly find they need the services of an accountant in order to help them manage the finances of their business. But which services do you actually need, how should you pay for them, and how do you make sure you’re getting good value for money? Here’s our top 5 tips for getting the most […]
Claiming home office expenses in your 2016 tax return
Many aren’t aware that they can claim home office expenses. Whether your self-employed, a business owner or an employee – do you perform some of your work from home? If you do, here is a quick summary of the tax rules, and what home office expenses are allowed. Even if the room in your […]
$20,000 IMMEDIATE TAX DEDUCTION FOR SMALL BUSINESS ASSETS
Is Cash Flow a concern in your Business? One consideration is the instant tax deduction for assets costing less than $20,000 (i.e. up to $19,999 excluding GST), which allows Small Businesses to bring forward tax deductions that would otherwise be deductible over a number of years. Example: Ben runs a painting business with an aggregate […]
Are you a high-income earner wondering how to manage the debt levy this financial year?
Jaynesh Gounder, Director The Abbott Government’s Temporary Budget Repair Levy on high-income earners may have been given the green light, but there are ways to plan around it. This debt levy will be introduced from July 1 to slug a 2 per cent tax on those of you in the top-income tax bracket earning over […]
