Tag: Tax Return

Research reveals half of sole traders have not yet filed their tax return as October 31 deadline looms

The Australian Taxation Office is being inundated by phone calls from taxpayers asking how much relief they can expect after the federal parliament passed personal income tax cuts laws tis week.   But public sector union CPSU says the situation is not being helped by more than 6,500 jobs having been cut from the ATO in […]

When you run a business, you can become increasingly isolated from those around you, simply because you are so determined to make it work. Although you are working hard at your business, you will be missing out on a lot in your life. That type of constant pressure isn’t good for your physical or mental […]

This year 1,200 Tax Help volunteers will be on hand at 830 community centres across Australia to provide support to people having difficulty completing their own tax returns.

It’s that time of year again when small business owners are preparing their tax returns and going over their paperwork with a fine tooth comb. To help you with your EOFY preparations, Dynamic Business, spoke with Tax Counsel at the Tax Institute, Stephanie Caredes and Senior Tax Adviser at the Institute of Public Accountants, Tony […]

The deadline of October 31 for people preparing their own tax return is fast approaching. Coinciding with the deadline is a sharp spike in tax-related email scams, the ATO has warned.

The 2013 financial year is coming to a close and the joys of tax season kick off. While you’re busy gathering documentation and filing your return, it’s pedal to the metal for scammers, phishers and criminals – keep your bases covered.

With 30 June upon us, taxpayers are looking for opportunities to reduce their tax liabilities for the fiscal year, and according to Institute of Public Accountants senior tax advisor Tony Greco, small businesses should also not overlook the cash flow benefits of tax deferral opportunities.

The end of the financial year is one of the most anxious times for Australian small businesses, with many reporting bewilderment at the complexity of tax reporting in the latest American Express Tax Time Survey.

With the final quarter looming, to make tax time less painful, here’s a helpful list of the kinds of information that are useful for small businesses when preparing a tax return.