Tax

Tax Archives

Subcontractors, ACCC

Employee to contractor: why the transition isn’t always a home run for SMEs

It's always wise to seek external counsel before suggesting a transition into a principal-contractor relationship with a...
financial review

Why SMEs should conduct an in-depth half-year financial review

The half-yearly review gives SMEs the opportunity to truly reflect on business performance in the first half of the fina...

Call for transparency on small-business taxpayers’ rights

The ASBFEO has previously released several reports outlining measures to improve the tax system for small business, espe...

Top tips to help reduce your tax bill at the end of the financial year

Planning sessions with an accountant will help you to plan for the future and ensure that you have identified all the op...
payroll, STP

Five tips for small-business owners to ease up STP compliance

While some small businesses initially got deferrals for STP phase 1, most exemptions ended on 1 July, and more businesse...

Businesses urged to be proactive about their tax debt in the face of ATO action

The current law states that the ATO can report a business to credit rating agencies if the business owes more than $100,...

Why claiming R&D tax credits is the best way to fast track your start-up

A successful Research & Development tax credit claim can spell the difference between a project being able to go forward...

Could a virtual CFO work for your small business?

A CFO is usually tasked with preserving the assets of a business and getting the books right but they now play a much mo...
income tax cut

SMEs seeking tax cuts to cope with ongoing COVID challenges

CreditorWatch says SME owners are finding it extremely difficult to develop and execute growth strategies when they’re c...

Keeping on top of tax

You should not be actively sabotaging your earnings or spending your hard-earned cash just for the benefit of a tax dedu...