Tax

Tax Archives

tax concessions, tax time

Insolvency Australia urges small businesses to ensure they are tax compliant

The ATO is reported to be 'hellbent' on collecting the tax debt owed to them and the agency is doubling down on complian...

‘Receipt regret’ costing SMEs millions in lost potential revenue

Almost a quarter of respondents, 24 per cent, said they have been unable to claim a business expense in the past due to ...
economy, return to work, red tape, burdened, well-being, burnout, productivity, mental health

EOFY causing stress and mishaps among small businesses

The majority of small-business owners say that the idea of EOFY being 'just a one-day event' is a misconception.
end of financial year

Six tax tips for your small business this EOFY

Good record-keeping is your best friend for efficient business management and will also make life easier if the ATO asks...

The Instant Asset Write-Off returns for 24/25: Here’s how to maximise them for your business

The scheme allows businesses to claim an immediate tax deduction for the full cost of eligible assets up to $20,000 in t...
income tax cut

Government urged to give certainty to small business over ‘crucial’ tax breaks

“This uncertainty has highlighted the need for predictability and certainty so a small business can plan in a sure-foote...

Four ways to reduce your business tax bill this EOFY

Small businesses can pre-pay up to 12 months of certain deductible expenses before EOFY (such as rent, subscriptions and...

More Aussie businesses turning to business rescue programs to address tax-debt insolvency

Business owners are urged to overcome their fear and shame of being found to be insolvent and giving themselves the best...
tax obligations

ATO issues warning about the three most common tax filing errors

In 2023 more than eight million people claimed a work-related deduction, with around half of those claimed a deduction r...
millennials, burnout, emotional, low confidence, sacrifices, stress, Workplace Wave

Worsening economic conditions impacting female small-business owners particularly hard

The high cost of doing business has long been the major pain point for female small-business owners, alongside issues fi...