Small business Tax time checklists

 The ATO wants to make it as easy as possible for all small businesses to understand and meet their tax obligations at tax time. Whether you use a registered tax agent or lodge your own tax return, here are some checklists to help you this tax time.  Good record keeping  Make good record keeping a […]

Small business Motor vehicle expenses

This information will help you when claiming a deduction for motor vehicle expenses for your business – whether you use a registered tax agent or lodge your own return. Key points ƒƒ The way to calculate your claim depends on your business structure. ƒƒ If you change your business structure, your entitlements and obligations may […]

Small Business

 Small business Top questions at tax time   Small businesses often ask questions during tax time. Whether you use a registered tax agent or lodge your own tax return, here are the ATO’s answers to some common questions asked each year.   What business income do I need to declare in my tax return?  When thinking about business […]

Investment Property Journey

Tax-smart tips for your investment property journey Being tax-smart when investing in property means more than making the right property choices. If you use your property to earn income at any time, you will have tax obligations and entitlements. Here are some tips to help you get it right at each stage of the journey. […]

Tradie

 If you’re a tradie it pays to learn what you can claim at tax time  You can claim a deduction for expenses incurred as an employee tradie if: you spent the money yourself and were not reimbursed  it was directly related to earning your income  you have a record to prove it.  Tips:  Include all […]