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Resources

Resources for small businesses and contractors

Small Business Handbook

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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small business cgt concessions

The 4 Small Business CGT Concessions Your Business Needs Now

The Australian Tax Office (ATO) offers significant benefits and small business CGT concessions in an attempt to recognise that they ...
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Home Office Expenses: The Essential Guide

Knowing about the tax deductions for your home office expenses will certainly boost your small business tax return.  However, many ...
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The Essential Guide to Apply for an R&D Tax Incentive

In an effort to drive innovation, the Australian Government offers an R&D tax incentive to companies who invest in research ...
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The Ultimate Guide on Fringe Benefits Tax

As a business owner, you could be liable for fringe benefits tax by providing benefits to your employees, or even ...
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Federal Budget

Everything You Need to Know About the 2020-21 Australian Federal Budget

With claims that the 2020-21 federal budget is the most significant budget in decades, it’s crucial to understand how it ...
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An Accountant’s Tips on Dealing with Cashflow Boost Audits

The ATO has announced that it will be actively reviewing entitlements by conducting cashflow boost audits and JobKeeper audits. At ...
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Contractor Handbook

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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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Employee v Contractor

Employee v Contractor: 10 Major Differences (And How to Avoid Being Taken Advantage Of)

Deciding on being engaged as an employee v contractor can be two very different things despite a lot of similarities ...
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Main Residence CGT Exemption

7 Scenarios That Affect Your Main Residence CGT Exemption

If you own property and use it as your main residence then generally you are eligible for the main residence ...
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The Ultimate Investment Property Tax Guide

The Ultimate Investment Property Tax Guide 2019

What types of investment property tax apply? There are two types of investment property tax that apply to investment properties ...
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Super for Contractors

The #1 Guide to Super for Contractors: Get Paid Super Just Like an Employee

Super for Contractors - If you are a contractor or sub-contractor, then there is a chance that you may be ...
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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.