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 […]

Cancelling your GST Registration

You must cancel your GST registration within 21 days if your business has: – closed down – been sold – changed structure, for example, changed from a partnership to a company. For more information about cancelling your GST registration click here.