Tax Deductible travel! What I need to know.
There are two classes of travel which you will encounter as an employee of a business:
The first is travel between home and work. Unless yo
Bas Myths and legends
While the Business Activity Statement does not carry the romance and drama of an Ancient Greek tragedy, there are still many misconceptions
Should I start my Tax return now or wait for May?
Some taxpayers have an extended deadline to prepare their 2017/18 tax return if a prior year return was lodged through a tax agent, or they
Myths of the instant asset write-off
Although it has been in existence for several years, you may be unaware of a small business tax concession which could save your business $$
What is the CGT Active Asset Reduction?
The Active Asset Reduction is one of the CGT concessions available to small business entities. If your CGT asset passes the relevant tests,
Do I operate as a Hobby or a Business and what are the Tax implications?
An important distinction in the world of tax is the difference between a “business” and a “hobby”. Simply put, income received in the course
What is ABN withholding?
ABN withholding occurs when a supplier does not have, or does not advise you with their ABN for the goods or services they supply to your bu
Tips on how to approach an ATO audit!
Audits are necessary to ensure there is fairness, legality and compliance for all businesses. Most people will cringe when they hear the wor
PAYGW vs PAYGI - Understanding the Difference
The ATO loves acronyms. If you spend any amount of time researching the answer to a simple tax question and become faced with alphabet soup
Rethinking the role of an accountant.
An accountant is more than a dull person in a suit that enjoys calculators as a Christmas present (jokes… seriously don’t do that). Your acc
