2021/22 Federal Budget
Personal income tax changes Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO for one…
Finding the Right Accountant for Your Needs? Here’s How
One of the most challenging things that every self-employed individual or business owner needs to face is getting taxes in order. Whether they like it or not, handling taxes with…
The Most Common Mistakes Businesses Make During Tax Audits
There are plenty of reasons why the Australian Taxation Office might want to run a tax audit on your business. It’s completely normal for businesses to go through this even…
3 Costly Tax Mistakes Every Business Should Avoid
Understanding the complexities of taxation is essential for businesses of all sizes. As a business owner, you have a range of obligations and responsibilities tax-wise that you need to fulfil.…
5 Effective Tips for Maximising Your Tax Refund This Year
Whether you earn money from work or investments, you usually need to pay tax on your income and fill out income tax returns. You can also get tax deductions from…
How Xero and Other Online Tools Can Benefit Your Accounting
Technology has made it possible for processes to be a lot easier these days. There are new ways to keep track of your small business’s progress, including your accounting. Online…
What to Know about Claiming Expenses with No Receipts
If you have been claiming tax deductions even when you don’t have a receipt, you should be aware of the possible repercussions because of the stricter rules set by the…
5 Legal Ways to Cut Down Your Taxes as a Small Business
Every registered business is expected to pay off its taxes. It does not matter how much they make; paying taxes is a responsibility every entrepreneur needs to carry to do…
Effective Tax Tips Every Business Owner Should Know
Every business owner aims to run their business seamlessly. When it comes to tax matters, nobody wants to be paying more than the right amount. That is why it is…
Why You Need an Accountant: 5 Ways They Save Your Money
Managing your business without the help of an accountant is a business that’s doomed to fail. From compiling reports and tracking expenses to understanding tax rules and handling the audit…