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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...
How to Pay Superannuation to your Employees

How to Pay Superannuation to your Employees

Businesses in Australia who have employees are generally required to make superannuation (or ‘super’) contributions on their behalf. This is a compulsory system enforced by law by the Australian government. What is superannuation? Superannuation is a contribution made...
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...
EOFY Business and Tax Tips

EOFY Business and Tax Tips

Practical Tips for End of Financial Year (EOFY) at 30 June Running a small or medium-sized business may result to you having no time to plan. But with the end of financial year just around the corner, it’s imperative that you should look at tax planning...
Federal Budget 2017 – How Will It Benefit Us?

Federal Budget 2017 – How Will It Benefit Us?

THE 2017/2018 FEDERAL BUDGET On Tuesday 9 May 2017, the treasurer released the annual budget for 2017-2018. The federal budget includes the expenditure and revenue estimates for the next three years and shows what the governments social and political priorities are...