If you are a sole trader or a partner in a small business that has made a loss, please read the following carefully. Small business owners can only claim losses... read more →
Australian businesses with an annual turnover of more than $75,000 must be registered for GST. Charging an extra 10 per cent on top of services sounds simple, yet a number... read more →
This year’s Federal Budget is based on a ten-year enterprise tax plan designed to stimulate more small business activity by boosting new investment, creating jobs and increasing real wages. One... 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 →
There are a number of small business tax breaks that it pays to be aware of as the end of financial year approaches. We have compiled this brief overview to... read more →
A client who runs his own engineering business came to see me last week. Barry was in a bit of a state. He told me it had suddenly dawned on... read more →
Effective and reliable record keeping is extremely important for small businesses. Maintaining organised records will help you to meet your tax obligations and will be extremely helpful in the event... read more →
Recently appointed Taxation Commissioner, Chris Jordan, is striving to see the ATO reduce red tape for small business owners. The aims include: • Providing more targeted, accessible and reliable services... read more →