Tax

Tax Archives

receipts

Old-fashioned bookkeeping costing small businesses up to $10,000 at tax time

Over 60 per cent of SMEs lose paper receipts at tax time, falling back on manual bank transaction comparison and diary c...

ASBFEO urges small businesses to be proactive about their tax returns

The ASBFEO is urging SMEs to fulfil their obligations to the ATO and be proactive in seeking payment plan options if the...
tax returns, tax time

Tax tips for small-business owners

A detailed look at the tax deductions small-business owners can claim when preparing the paperwork for their FY 2020/21 ...

What can small-business owners claim at tax time in 2021?

Given the challenges small businesses faced in the past year, it helps to be aware of - and avail themselves of - all th...
AI, emerging technology, investments

Tech investments fuelling resilience among Australian SMEs

Research reveals that the majority of SMEs plan to make additional investment in technology as a way to secure their gro...

SMEs urged to shore up their cash reserves ahead of EOFY

The benefits of early tax planning allows SMEs to anticipate both positive and negative changes as the pandemic's effe...

Gig economy workers urged to comply with ATO rules

Gig workers can claim deductions for most costs such as travel, vehicle, marketing, financing and home-office expenses, ...

A tax planning checklist for small-business owners – Part 1

Preparing an annual tax plan well in advance of year-end, will give you enough time to take action and keep those hard-e...
asset write-offs, purchases

SMEs unaware of asset write-off update and confused with the tax system: research

SMEs who are unaware or confused about recent tax rulings and benefits available to them are advised to consult a tax ex...

EOFY: How to make the most of the instant asset write-off

With June 30 fast approaching, now is time for small-business owners to start evaluating the year that was and plan for ...