Tax

Tax tips for employees with a home office

Three-quarters of small business employees, and not to mention the majority of freelancers, maintain an office in their home. But a proper workspace at home doesn’t come cheap.

Incumbent businesses struggling to put customers first

With the end of the financial year behind us now is the time of year to come up with resolutions, especially for small to medium sized enterprises.

Why investing in technology can benefit a small business

As 30 June looms once again, the more than 2 million small businesses across Australia are going through multiple receipts reviewing what can and can’t be claimed to lower their impending tax bill.

Time to prioritise and get ready for EOFY

The recent budget has given small businesses a lot to think about, and it’s no wonder some are struggling to prioritise what needs to be done in the next couple of weeks.

Top high-income couples expected to earn $5 million from super tax breaks

The top 1 per cent of Australia’s high incomes couples set for retirement in 2055 will be receiving over $5 million in government assistance, according to estimates revealed by Industry Super Australia (ISA).

ATO extends SuperStream compliance date for medium and large businesses

Medium and large-sized businesses now have more time to ensure they are SuperStream compliant after the ATO extended the June 30 due date.

EOFY tax planning for shareholders

With the End Of The Financial Year on the not so distant horizon, it’s a good time to organise your financial affairs and assess whether your investments are structured to give yourself the best tax advantage.

Budget 2015: The Winners and Losers

There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements...

Small business owners: The Budget measures you need to remember

As a small business owner, you need to be clear what this means, where you can save money and what new legislation you are able to take advantage of. Here’s what you should note...

Are you prepared for EOFY? What every business owner needs to be aware of

If this time of year fills you with regret and disappointment, don’t despair. There is still time left to get to work on finishing this year off as well as we can. Set out to make it a Personal Best.

How to startup a business partnership in Australia

After going over endless details of starting your own business, you're finally ready to make your dreams a reality, but you don't want to go at it alone. Like any other form of business, a partnership business has many pros and cons.

Poor bookkeeping horror story: a bean counter’s tale

If you think that bookkeeping and accounting fees are high, consider this horror story, which could be the one tale that gets business owners thinking about their own business.

What to do when a cash crunch is coming

A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.

ATO cracking down on financial crime

The ATO has today announced the extension of information sharing powers for Phoenix and Trust Taskforces, aiming to tackle Australia’s phoenix businesses and misused trust structures.

GST rules cost SMEs $13.7 billion a year

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

GST reform: New report calls for debate

Tax cuts, higher household incomes and a boost to Australia’s economy will all be the result of a reform to the GST, according to a new report released by CPA Australia.

Government to await white paper before enacting tax reform

According to the Inspector-General of Taxation (IGT) Ali Norooz, there are a number of changes the government could make to the landscape of taxation...

Lowering corporate tax will lead to economic growth: Report

The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.

Battle to recover super from phoenix operators intensifies

The Australian Taxation Office is ramping up its response to rogue phoenix operators who exploit seasonal workers, and pocket their superannuation entitlements.

Tax agents still in demand despite tech advancements

Tax agents still in demand despite tech advancements