tax deductions
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ATO reminds small businesses what they need to address before 30 June
Small businesses can still claim an immediate deduction for the cost of eligible assets first used or installed ready fo...
How to make EOFY less stressful for your small business
Having a good understanding of the kinds of expenses you can claim as tax deductions has the potential to cut your tax b...
ATO makes changes to working-from-home deductions
The cents per work hour has increased from 52 cents to 67 cents, covering energy expenses, phone usage, internet, statio...
ATO to continue offering assistance, relief for affected businesses
As part of the relief efforts, the ATO announced that starting 1 July 2021, taxpayers who paid for a COVID-19 test for w...
Current tax system sowing confusion among small-business leaders
Over half the SME leaders surveyed weren't aware they can use the $150,000 Instant Asset Write-Off allowing them to clai...
ATO warns on “double-dipping” of tax deductions
While some people make genuine mistakes, there are those who look to gain an unfair advantage by claiming incorrect or f...
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 ...
EOFY: The do’s and don’ts that will maximise your after-tax position
Top bookkeeping tips to help smooth the run up to EOFY and ensure you get the most out of your tax return.,