Are you making the most of allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time to prepare for your 2023 tax. We’ll help maximise your return.
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect reporting of rental property income and expenses. And, […]
Are you waiting for payments? Are your customers paying you on time? We’ve got 5 simple tips for speeding up payments and giving your cashflow position a boost.
#SmallBusiness #payment
The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Talk to us now to start preparing for the changes, so you don’t get caught out.
Being in control of your cashflow has never been more important. We’ll help you set up detailed cashflow forecasting to put you back in the cashflow driving seat.
#cashflow
Remember to take an odometer reading for the fringe benefit tax period ending March 31st.
#FringeBenefitTax
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a […]
Are you undercharging for your fees? We’ve got the five warning signs that can help you diagnose whether your prices are too low.
#Pricing
Buying vs leasing – which one is best for business equipment and plant? How can you figure out the best choice for your situation?
Do you know your business breakeven point? Knowing how much income you must generate to cover all fixed and variable costs means you can make better business plans and financial decisions for long-term sustainability and profit.