by Davie Mach | Aug 26, 2021 | Accounting, Accounting, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Medical professionals are constantly juggling their day-to-day practice and the business side of things. But, let’s face it, as a doctor, you’ve got your hands full with patient care, so the business side of things and financial planning tends to take a...
by Davie Mach | Aug 26, 2021 | BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Doctors are among the highest-earning professionals in Australia. And the higher the income, the higher the marginal tax rate. But did you know that as a medical professional, you’re eligible for a pretty long list of deductions? Unfortunately, however, many doctors...
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 16, 2021 | Small Business Handbook, Tax Planning
Payroll tax is tax payable where a business’s wages exceed specific thresholds that are imposed by each state or territory. According to the Bureau of Statistics, payroll tax represents about 30% of state tax revenue. As a business owner, it’s essential that you’re...
by Davie Mach | Dec 30, 2020 | Small Business Handbook, Tax Planning
Claiming a tax deduction for buying a car for business purposes could save you some tax dollars each year. However, there’s a common misconception that if you buy a car through your business, it will result in a considerable tax write off. Often businesses don’t...
by Davie Mach | Dec 23, 2020 | Small Business Handbook, Tax Planning
Given that every cent counts in the current distressed market, as a small business owner, you’re going to want to figure out how to reduce taxable income for your business. According to a recent report by the Australian Tax Office (ATO), with over four million small...
