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...
by Davie Mach | Dec 18, 2020 | Contractor Handbook, Tax Planning
Knowing about your sole trader tax deductions will undoubtedly boost your tax return each year. Many of the costs that you incur from running your sole trader business can be claimed as a tax deduction. Yet, many sole traders miss out on expense claims because they...
by Davie Mach | 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...
