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Resources

Resources for small businesses and contractors

Small Business Handbook

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The Ultimate Guide on the Capital Gains Tax Property 6 Year Rule

A lucrative way to maximise the value of your investments is to be aware of all the tax exemptions and ...
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The Ultimate Guide on How To Do a BAS Statement

Feeling unsure on how to do a BAS statement?  If you’re a GST registered business, it’s that time of year ...
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The Ultimate Guide on Land Tax

As an investor, there are several property taxes that you need to be aware of, one of them being a ...
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The Ultimate Guide to Directors Fees ATO

Are you feeling uncertain when it comes to paying directors’ fees and being compliant with the ATO? You’re not alone.  ...
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Essential Things You Need to Know About Payroll Tax

Payroll tax is tax payable where a business’s wages exceed specific thresholds that are imposed by each state or territory.  ...
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The Essential Guide to the JobMaker Scheme

As part of the road to recovery from the harsh economic impact of the COVID-19 pandemic, the Australian Government introduced ...
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Tax Deduction for Buying A Car For Business

Tax Deduction for Buying a Car for Business: Everything You Should Know

Claiming a tax deduction for buying a car for business purposes could save you some tax dollars each year.  However, ...
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The 5 Types of Trusts in Australia You Need to Know

The different types of trusts in Australia are widely used as a preferred business structure when it comes to investments, ...
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5 Simple Ways to Reduce Taxable Income For Small Businesses

Given that every cent counts in the current distressed market, as a small business owner, you’re going to want to ...
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Work from Home Deductions

6 Working From Home Deductions You Can Claim

If you’re an employee working from home, you may be eligible to claim work from home deductions.  2020 has been a ...
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sole trader

The 6 Sole Trader Deductions You Can Claim

Knowing about your sole trader tax deductions will undoubtedly boost your tax return each year. Many of the costs that ...
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Main Residence Exemption 6 Year Rule: The Essential Guide

If you’re new to the property investment sphere, being aware of the main residence exemption 6 year rule could save ...
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Contractor Handbook

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The Luxury Car Tax Guide: Must Read Before Buying

If you’re thinking of buying that brand new Mercedes-Benz S-Class, you’ll need to also think about luxury car tax.  You ...
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The 4 Best Asset Protection Strategies You Should Know

Asset protection strategies are arguably as significant as purchasing the assets in the first place.  Many Australian’s dream of owning ...
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The Ultimate Guide on Teacher Tax Deductions

Did you know that as a teacher or as someone working in education, you’re entitled to various industry-specific, teacher tax ...
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The Ultimate Guide on Uber Tax Deductions

Did you know that as an Uber driver, you’re considered an independent contractor?  This means that you’re entirely responsible for ...
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The 5 Types of Trusts in Australia You Need to Know

The different types of trusts in Australia are widely used as a preferred business structure when it comes to investments, ...
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Reduce Taxable Income - Individuals

8 Ways on How to Reduce Taxable Income for Individuals in Australia

Although paying tax is inevitable, most people want to determine how to reduce taxable income. Did you know that through ...
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sole trader

The 6 Sole Trader Deductions You Can Claim

Knowing about your sole trader tax deductions will undoubtedly boost your tax return each year. Many of the costs that ...
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Personal Services Income: 4 Steps To Tell If You’re Subject to PSI Rules

Following the Review of Business Taxation report in 1999, various recommendations were made due to growing concerns that individuals were ...
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Questions to Ask Your Accountant

6 Questions To Ask Your Accountant That Can Save You Thousands

So, you may have recently switched accountants, or you may have just started a new business venture. Perhaps you've just ...
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Chartered Accountants and Accountants

The Major Differences Between Chartered Accountants and Accountants

Trying to find out the difference between Chartered Accountants and Accountants? When you're looking for an accountant for your business, ...
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5 Essential Pty Ltd Company Advantages You Should Know

Updated: 14 July 2020 If you're a sole trader or in a partnership, you're likely assessing Pty Ltd Company advantages ...
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ATO Audit - What To Do

#1 Guide to Surviving an ATO Audit

So you or your accountant has been notified that an ATO review and/or an ATO audit will take place on ...
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eBooks & Tools

Essential Lodgements for Small Business

This guide on essential lodgements for your small business is essential reading for any contractor or small business looking to ensure they are meeting all requirements to operate their business legally.

The Hiring Your First Employee Guide

Looking to hire your first employee? Box Advisory Services' guide on hiring your first employee is essential reading for any contractor small business looking to expand the size of their team.

Eligible Tax Deductions

Tax deductions are a huge money saver if you know what they are, how they work and in what situation to utilise them.