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How Do Tax Deductions Work?

How Do Tax Deductions Work?

Tax deductions can assist with increasing your tax refund. As a business owner, you can claim deductions for the majority of expenses you incur in running your business, as long as they are directly correlated to earning your taxable income. But, how exactly do they...
How to Reduce BAS and Pay Less Tax

How to Reduce BAS and Pay Less Tax

One of the most common questions that I get asked from small business owners and contractors is whether or not I think they are paying too much tax when they report their quarterly business activity statements (BAS) to the ATO. There are generally three primary areas...
Organising Payment Arrangements with the Australian Tax Office

Organising Payment Arrangements with the Australian Tax Office

Dealing with tax debts can be stressful, especially with those unpaid monthly and quarterly amounts incrementally building very quickly. In fact, many small and medium-sized business owners in Australia have a lot of tax to pay to the tax office and can’t afford...