ATO’s small business benchmarks and stock for private use
Including this amount may help prevent your […]
Bonafide ‘mobile’ work can open up more deductions
With the ATO on the lookout for “red flags” for taxpayers making false work travel […]
Personal Income Tax Plan changes now law
These changes are now law.
The low and middle-income tax offset increases from a maximum amount of $530 to $1,080 per annum and […]
The Importance of Categorising Your Customers
You probably heard the phrase the customer is always right, well maybe that’s not quite right.
Perhaps it should be rephrased and what we should be thinking about here is, the RIGHT customer, is always right.
There’s a subtle difference […]
Money is a tricky topic for a lot of business owners
In this day and age where accounting has been made a lot easier and financial information more transparent, how should business owners approach their […]
The Shifting Landscape of Sales
For instance, it is said that the North American and Eurasian tectonic plates are moving away from each other at about 2.5 centimetres per year!
The threshold rule allows a business to claim an immediate deduction for most business expenditure of $100 or less to buy tangible assets
Myths (and the facts) about work expense deductions
Mainstream media only recently was peppered with reports about the ATO being faced with many outlandish tax deduction claims — dental expenses, gambling losses, Lego sets and […]
Tradies: Some tax claims pivot on how you operate
A lot of the time, what you can claim depends on whether you’re an employee tradie or a small business (that is, operating as a sole trader, partnership, […]
To grow your business, attracting new customers is an important strategy