Accounting 78 Benchmarking 15 Business Advice 57 Business Advise 8 Compliance 1 Federal Budget 1 Financial Planning 52 Income Tax 19 Investing 14 Lending 21 Networking 1 Small Business 39 Superannuation Fund 12 Tax Strategies 1 Uncategorized 3

10 Indicators You Have Outgrown Your Business

6 years ago
judge

Often when starting out in a business, the simplest and cheapest structure to use is either an individual (i.e. sole trader) or partnership. The cost to setup these structures are low, and with the expectation of low revenue in the initial years, it can also be the most tax effective. For a little more money, … Continued

Tax deduction note with calculator and papers

Work-related deductions: what you can and can’t claim based on your profession

6 years ago
judge

All employees want to minimise their tax payable. Who wouldn’t? A major assumption is that claiming deductions on most receipts means minimising the tax payable – but you need to ensure you are following the ATO guidelines. The ATO states that in claiming deductions, individuals need to ensure they claim only what is related to their profession. With increasing … Continued