With the festive season almost upon us, have you considered how your Christmas spending may affect your tax? You might be planning to reward your employees with gifts or a Christmas party for their hard work throughout the year, so it’s important to understand how...

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...

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...

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...

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...

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...

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...

There are a number of things that you need to do before starting your new business. In this blog, you will find out about a few basic things you need to know about the financial side of your business. If you have been sitting at home wondering how you can start your...