Preparing for your tax appointment will help you to be able to claim the maximum possible deductions when you complete your tax return, so that you get the full tax refund you are entitled to. If you haven't been as organised as you would've liked throughout the year, stress less, this handy checklist of information to collate in advance of your tax appointment will get you organised in advance of your appointment.
Regardless of whether you are an employee or a business owner, in many instances your car and related expenses can be a tax deduction on your tax returns. Importantly, in 2016 there has been a change to the ways you can make this claim that reduces the options available.
Did you know that in some circumstances your business may need to pay for superannuation and work cover for contractors? It is often an area of confusion for both employers and contractors. The Australian Taxation Office have a great decision tool to assist you to determine if your business has extra obligation for your contractor.
Cash-flow is king in business. What this means is that managing and controlling your cash in business can be the difference to success or closure. That's why Xero's new Invoice Reminders is an excellent way to automate your initial reminders for customers. Here's our tips for making this new system work for your business.
As an owner of an investment property you’re entitled to claim depreciation on your building, it’s fixtures and fittings. This can be a significant taxation benefit and one that is often overlooked by owners.
Our Head of Client Experience, Amanda Newton, was interviewed by Loren Bartley and Fiona Redding on #BusinessAddicts The Podcast. In this interview Amanda talks about tax time preparation, sharing valuable advice on how you can better prepare yourself for lodging your tax return, as well as the year ahead.
You would have to be living under a rock to not have heard that Small Business weren't forgotten in the recent Federal Government Budget.As a business owner you work hard and you have the right to organize your affairs to minimize your tax and thanks to the budget, there is even more ways to save. It's important to know what is the right strategy for your business and how you can be organised to get the best outcome. Negotiis’s Tax...
SuperStream is a government reform aimed at improving the efficiency of the superannuation system.Under SuperStream, employers must make super contributions on behalf of their employees by submitting data and payments electronically in a consistent and simplified manner. These changes have a range of potential benefits for employers.