by Kan Huang | Nov 30, 2020 | Small Business Handbook, Tax Planning
If you’re new to the property investment sphere, being aware of the main residence exemption 6 year rule could save you thousands of dollars on the eventual sale of your investment property. Yet, so many first-time investors remain uninformed of the benefits of the...
by Kan Huang | Nov 22, 2020 | Small Business Handbook, Tax Planning
The Australian Tax Office (ATO) offers significant benefits and small business CGT concessions in an attempt to recognise that they are in a unique position in comparison to larger companies. But understanding them can be a bit tricky without the help of a qualified...
by Kan Huang | Nov 20, 2020 | Small Business Handbook, Tax Planning
Knowing about the tax deductions for your home office expenses will certainly boost your small business tax return. However, many small business owners miss out on these expense claims because they aren’t equipped with the knowledge presented by the Australian Tax...
by Kan Huang | Nov 18, 2020 | Small Business Handbook, Tax Planning
In an effort to drive innovation, the Australian Government offers an R&D tax incentive to companies who invest in research and development (R&D). However, according to a recent submission by CPA Australia, only 11,935 companies out of 1 million corporate...
by Kan Huang | Nov 6, 2020 | Small Business Handbook, Tax Planning
As a business owner, you could be liable for fringe benefits tax by providing benefits to your employees, or even to yourself. While this is one of the best ways to reward and acknowledge their contributions to your business, if you’re going to provide fringe benefits...
by Davie Mach | Oct 9, 2020 | Tax Planning, News, Small Business Handbook
With claims that the 2020-21 federal budget is the most significant budget in decades, it’s crucial to understand how it will affect you and where you can save. This year’s budget has a heavy focus on encouraging spending on multiple levels, as well as a range of...
