tax planning Archives - Page 4 of 4 - Salisbury Accountants

Tradies claiming tax deductions

August 26, 2019/in Tax Planning /by Salisbury Accountants & Business Advisors

Tradies: Some tax claims pivot on how you operate

Working tradies need to be certain about what can or can’t be claimed on their annual tax return.

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, […]

Is your small business income tax offset?

August 12, 2019/in Tax Planning /by Salisbury Accountants & Business Advisors

The small business income tax offset (also known as the unincorporated small business tax discount) can reduce the tax a business pays by up to $1,000 each year.

The offset is worked out on the proportion of tax payable on business income.

To be eligible, a taxpayer must be carrying on a small business as […]

Tax planning tactics for individuals

June 24, 2019/in Accounting /by Salisbury Accountants & Business Advisors

EOFY last-minute tax planning tactics for individuals

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year.

While the best strategies are adopted in July (that is, as early as possible in a financial […]

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Working tradies need to be certain about what can or can’t be claimed on their annual tax return.

The offset is worked out on the proportion of tax payable on business income.

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year.