Skip to main content Skip to search

Blog

The ATO is targeting the meat industry workers

Meat processing workers The AtO now is targeting the meat processing workers as, the discovered over claims into the tax return of this industry speciafically. As tax agents and accountants we have an obligation towards our clients to make them aware of their obligations by hlping them to make the Read more ...

Common Errors to Avoid On Your BAS

Common Errors to Avoid On Your BAS Many business owners do not find it easy with completing their Business Activity Statement (BAS).  Many of them get penalized for lodging their BAS late or for not recording their incomes correctly.  Any penalized individual will have to pay $170 per 28 days. Large or Read more ...

What You Need To Know About the $20k Write Off

There is accelerated depreciation write-off for any asset that is up to $20,000, which might have been acquired by any small business. Before this new rule, the threshold for write off was just $1,000, with concession applying only to any business having an aggregate of less than $2 million in annual turnover.  This Read more ...

What to Know Before You Buy a Business

Startup business always comes with an incomparable passion, especially if you have done lots of planning and research before kicking off. Be that as it may, things can turn against you if care is not taken.  Instead of starting a new business on their own, many entrepreneurs prefer to buy Read more ...

Understand About Clothing Tax Deduction

What You Need To Understand About Clothing Tax Deduction Employees and owners in Australia can always claim a tax deduction for the expenses on their work uniform in line with the Australian Taxation Office (ATO) regulation. A huge rise has been noticed over the past five years as regards the Read more ...

Tips on How to Start Off Your Business

You will have to go through a lot before you can start up a business. The registration and research you undertake can take quite a lot of you. If you fail to plan your business, the chance of success is very low. You need to prepare a business plan before Read more ...

Things You Can Learn From the Shark Tank

In the Australian season movie, the Shark Tank, contestants that have business ideas or existing businesses seeking to fund their business from wealthy entrepreneurs, who are termed the Sharks; they have to agree to part with a percentage of the business before the sharks to provide them the funding they Read more ...

The Family Trust Business Structure

It is in your best interest to start with the end in mind whenever you want to select the best business structure to adopt. There is some identifiable complexity in Australian tax laws, and you can end up triggering a ‘capital gains tax event’ when you change your business structure Read more ...

Budget 2015: the ‘Winners’ And the ‘Losers’

The federal budget 2015 was termed as the budget of structural reform by the Treasurer. The budget features distinct short and long term, losers and winners.  The level of refocusing and consolidation of public services was the most startling change that was made in the budget. The winners in this budget Read more ...

ATO to Audit SMEs

The Audits Process of ATO and What to Do Not To Fall Victim ATO is about to visit more than 400 small and medium scale businesses as part of the crackdown being carried out on cash based businesses; this information was made public by Tom Wheeler, the Assistant Commissioner of Taxation. Read more ...