5 Tax Deductions for Business Owners

5 Tax Deductions for Business Owners

Preparing your small business for tax time can be a daunting task. Although, if you have been tax preparing for the entire financial year, this process might be a little easier. It can be hard to prepare for the tax season when you have no idea what you can claim, and...
Smart Ways To Use Your Tax Refund

Smart Ways To Use Your Tax Refund

With the lodgement of tax returns and issue of resulting refunds many Australians may be wondering how best to utilise those funds this year. Your tax refund can be a major financial bonus and can help secure your financial situation. There are many ways to avoid...
How To Claim Work From Home Expenses In 2019-20

How To Claim Work From Home Expenses In 2019-20

Since we have jumped into a new era of working from home, you now have the ability to claim more tax deduction than you may have in previous years. These deductions can be additional running expenses which include electricity, phone, internet and equipment. With the...
5 Small Business Strategies for Kick-starting the Financial Year

5 Small Business Strategies for Kick-starting the Financial Year

As another end-of-financial-year rolls by, now is as good a time, as any, to undertake a bit of housekeeping. The stresses of running a small business often see us rushing and unprepared towards the end of June 30th. It’s that time when we draw a line under our...
Start Your Business Right With Good Record Keeping

Start Your Business Right With Good Record Keeping

According to the Australian Taxation Office (ATO), many small businesses fail due to poor record-keeping. Aside from the legal reasons, there are many financial reasons for making sure your books arein order. Every small business owner knows that record-keeping can be...
Employee or Contractor? Do You Know The Difference?

Employee or Contractor? Do You Know The Difference?

The main difference between an employee and contractor, to put it simply, is that an employee works for a business, whereas a contractor works as their own business. There are many other things that distinguish one from the other but the key is to understand what form...