Resources for small businesses and contractors

Small Business Handbook

The 5 Things To Know About the Super Guarantee Charge

As a business owner, you have a lot of responsibilities. Not only do you need to worry about tax obligations ...
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Not For Profit Employees

Tax Concessions For Not For Profit Employees: The Comprehensive Guide

As it stands, there are around 600,000 not-for-profit organisations in Australia, making up nearly 10% of the Australian workforce. But, ...
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Everything You Need To Know About Winding Up SMSF

An SMSF (self-managed superannuation fund) is an attractive vehicle for retirement savings for many Australians. Though the setup and administration ...
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Understanding And Choosing The Right Business Structure For You

Starting a business in Australia is no easy task. There are so many things to think about – from what ...
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self managed super fund cryptocurrency

The 6 Things to Know About Cryptocurrency and Self Managed Super Funds

While Self-Managed Super Fund (SMSF) investors have traditionally stuck to investing in the four most popular asset classes (shares, property, ...
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single touch payroll

What is Single Touch Payroll?

Single Touch Payroll (STP) is a new and mandatory way of reporting your employees' income and tax information to the ...
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tax compliance

What is Company Tax Compliance? The Essential Guide

Running a business is not always easy. One of the most important aspects for businesses, especially those who are just ...
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tax losses carried forward

How Tax Losses Carried Forward Can Help You Minimise Tax

It's not uncommon for business owners to experience losses in their business operations. From a tax perspective, however, this isn’t ...
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accrual vs cash accounting

The Accountant’s Guide to Accrual vs Cash Accounting

As a business owner, knowing the difference between the two accounting methods is vital because it can significantly impact your ...
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role of a director in a company

What is the Role of a Director in a Company?

Company directors play a critical role in the running of a company.  They are appointed by shareholders to act as ...
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Director ID

Everything You Need To Know About Director ID

In an effort to promote good corporate conduct, tackle illegal phoenix activity and prevent fraudulent director identities, the Australian government ...
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non commercial losses

Non-Commercial Losses Explained (The 5 Rules You Need To Know)

It is not uncommon for new sole trader or partnership businesses to operate at a loss for the first few ...
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Contractor Handbook

Everything You Need To Know About Winding Up SMSF

An SMSF (self-managed superannuation fund) is an attractive vehicle for retirement savings for many Australians. Though the setup and administration ...
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what happens when a company goes into liquidation

What Happens When a Company Goes Into Liquidation?

Considering the current state of the worldwide economy following the effects of the pandemic, it’s no surprise the business owners ...
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accountant for doctors

How To Choose The Best Accountant for Doctors

Medical professionals are constantly juggling their day-to-day practice and the business side of things.  But, let's face it, as a ...
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tax deductions for doctors

The 9 Best Tax Deductions For Doctors

Doctors are among the highest-earning professionals in Australia. And the higher the income, the higher the marginal tax rate. But ...
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tax on cryptocurrency in australia

How Tax on Cryptocurrency Australia Works

Cryptocurrency has undoubtedly experienced explosive growth over the last couple of years - but how does tax on cryptocurrency in ...
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Discretionary Trusts: Everything You Need to Know

Discretionary trusts are widely used for asset protection purposes and tax management.  But, by transferring your assets into a discretionary ...
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Luxury Car Tax Thumbnail

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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asset protection strategies thumbnail

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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Teacher Tax Deductions Thumbnail

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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thumbnail for article for tax deductions for buying a car in the business

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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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.