2022/2023 Federal Budget
March 29 2022 treasurer Josh Frydenberg has handed down the budget. Having a strategy of stimulus pursued alongside major infrastructure, health and defense spending. Borders are open and Australia is…
What You Can Deduct or Write Off in Your Small Business Tax
A tax deduction reduces taxable income, allowing qualifying businesses and individuals to lower their tax obligations. There are two basic types of tax deduction in Australia: deductions for eligible expenses…
5 Common Mistakes in SMSF Annual Return You Need to Avoid
Everyone makes errors from time to time. When preparing and lodging your self-managed super fund (SMSF) annual return (SAR), you want to get it right. The top five errors are…
What You Need to Know About Filing a Late Tax Return
If you run a business, you may find yourself struggling to keep up with annual tax obligations. Between managing your staff, your investors, and other challenges, it’s easy to forget…
4 Ways to Manage Your Receipts for More Tax Refunds
For many of you, tax time makes you sick to your stomach. But it doesn’t have to. You don’t need to lose sleep waiting for the call from your accountant…
Work-Related Travel Expenses You Can Claim
So, you have a work-related trip coming soon, and you wonder how much of your travel expenses can you claim. If you are a small business owner or an independent…
8 Benefits of Using Accounting Software for Your Business
If you're like most business owners, you may have started with a spreadsheet for financial tracking. There's nothing wrong with that, but as your business expands, it may become significantly…
Everything That You Need to Know About Audit Quality
While audit quality may not be your top priority, you may want to reassess and reallocate resources towards your business’ ability to improve and maintain audit quality. Now, we understand…
How to Claim Super Contributions on Tax Returns
Most Australians know that superannuation is money you save for retirement. But not everyone knows that you can also contribute your savings to super. Not only that, but the money…
DIN—What It Is, Why You Need It, and How to Obtain It
As part of the 2020 Budget Digital Business Plan, the Australian government wants to implement the Modernising Business Registers program. In this program, the ABRS (Australian Business Registry Services) was…
