The setup and maintenance of a website can be a costly expense and the rules in relation to what can be claimed are not always clear. Many of today’s... read more →
The ATO is urging small business owners to adopt the SuperStream standard before the impending 30 June deadline. SuperStream is a standard for submitting superannuation payments and data electronically. It... read more →
Businesses that operate from home can claim deductions for expenses incurred when carrying out income-producing work. Business owners can claim deductions for a number of expenses including: Room utilities The... read more →
Capital losses Selling poor performing assets may enable you to bring forward a tax loss that can be offset against any capital gains made throughout the financial year. Write-off bad... read more →
SMSF trustees will need to forego investments such as vintage cars, fine art and wine collections as new rules around collectables and personal use assets come into effect from 1... read more →
Staying on top of your records all year round can save time, prevent unnecessary stress and help maximise a small business’s tax return. Although record-keeping can seem like a monotonous... read more →
Small businesses considering selling assets such as property or business goodwill should revisit the potential CGT concessions available to minimise their tax bill. There are four CGT concessions that small... read more →