by Davie Mach | May 19, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Claiming fuel tax credit can provide a significant reduction in the amount of tax you pay on your business’s operating costs. Yet, claiming these fuel tax credits is often overlooked by many small business owners. To help make the claiming process a bit easier,...
by Davie Mach | May 18, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
If you’re an entrepreneur or director of a small business, I’m sure you’ve heard about setting up a holding company to reduce risk and minimise tax while your business grows. Many people end up setting up holding companies for the protection it offers, but it’s worth...
by Davie Mach | May 11, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Wine equalisation tax is levied on wine consumption in Australia. Wine production makes up a considerable part of the agricultural industry, contributing over $45 billion annually to the Australian economy., What’s more, according to Wine Australia, the wine industry...
by Davie Mach | Mar 23, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Feeling unsure on how to do a BAS statement? If you’re a GST registered business, it’s that time of year again where you (or your accountant) need to prepare and submit a business activity statement to calculate your GST obligations or the GST refund you’re entitled...
by Davie Mach | Feb 19, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook, Tax Planning
As an investor, there are several property taxes that you need to be aware of, one of them being a land tax. While there may be some exemptions, paying land tax is an inevitable part of owning a property. It can often be overwhelming trying to navigate land tax and...
by Davie Mach | Feb 18, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Are you feeling uncertain when it comes to paying directors’ fees and being compliant with the ATO? You’re not alone. It’s a question we get asked often – should we be paying directors, and if so, how should director fees be paid? Claiming a deduction lowers...
