Blog Feed
ATO Tax Time Information - Home Office Expenses (D5)
-Running expenses
-Occupancy expenses
-Phone and internet
... read moreThings to consider in the lead up to 30/06/2022
As we approach the end of the 2022 financial year, it is important not to forget long term planning for retirement. We would like to highlight some superannuation related issues worth considering.
... read moreATO Tax Time Information - Car Expenses (D1 & D2)
Choose from 2 methods
Method 1 = Logbook
Method 2 = Cents per kilometre
... read moreJune 2022
- Year End Tax Planning
- It's Time to Work ON the Business, not just IN the Business
- Buying a Business & Due Diligence
- Federal Budget 2022-23 Round Up
- 2022 Tax Return Checklist
EOFY Financial Planning Strategies
Top 10 strategies to implement by June 30
... read moreTax Planning - Trusts
Tax planning is the process of estimating your current year's taxable income and tax payable and taking steps to minimise this.
It involves these 4 steps.
... read moreMy business profit is $45,000 and the bank balance has not changed so where has the profit gone?
... read moreWhat happens if I take drawings from the business? Does it reduce profits & tax?
... read more2022 Federal Budget Summary
Compared to past years, this year’s Budget is a little bland however, it does include some ‘sweeteners’ to keep the electorate favourably disposed toward the incumbent Government, come election day.
... read moreBuying a Car
Sole traders looking to buy a car for your business read on
... read moreMarch 2022
- The Key Ingredients for Business Success - Part 3
- Great Teams Build Great Businesses
- Winning Website
- Video, Technology & Software
- Customer Database and CRM system
Marketing Essentials for Business Start-Ups
- Branding
- Website
- Social Media
... read more
Christmas Holidays
Our office will close on Friday 17 December 2021 and will re-open on Monday 10 January 2022.
We would like to take this opportunity to thank you for your support and to wish you and your family a safe and Merry Christmas, a Happy New Year and a prosperous 2022!
... read more
Bookkeeping software
We recommend Xero (for most clients)
Other common bookkeeping software includes
- MYOB
- Quickbooks
- Reckon
- Sassu
Bookkeeping
Our in-house bookkeeper, Arrow Bookkeeping, offers the following services
- Bookkeeping
- BAS lodgement
- Wages
- Payroll Tax
- Work Cover
- Training
- Support
Employee OR Contractor
Take care when employing contractors as they may actually be employees in the eyes of the ATO.
Work cover, payroll tax and super may also be payable - you will need to refer to the relevant authority's website for further information
... read moreHow much super do you need
How much super do you need to retire depends on the lifestyle you want
... read moreStarting a business
Make a free 30min no obligation appointment with us
Here are some useful links
... read moreATO Tax Time Information - Employees working from home during COVID-19 (D5)
Running Expenses
-fixed rate method
-actual expenses
-short-cut method (COVID-19 only)
... read moreATO Tax Time Information - Self-education Expenses (D4)
General expenses eg course fees and books
Depreciating assets eg laptop
Car expenses
... read moreATO Tax Time Information - Clothing & Laundry Deductions (D3)
Occupation specific
Protective
Compulsory uniform
Non-compulsory uniform (registered with AusIndustry)
... read moreATO Tax Time Information - Travel Expenses (D2)
Tolls
Parking
Motor vehicles (other than cars)
Local travel
Overseas travel
... read moreCar Expenses - which trips are claimable as work trips (D1)
Which trips are claimable as work trips?
... read moreDecember 2021
- The Key Ingredients for Business Success - Part 2
- Government Locks in Director ID Deadline
- Preparing to Sell Your Business
- ATO's New Stapled Super Fund Rules
- Why Do New Businesses Fail?
Director ID (NEW)
A unique 15-digit identifier given to a director which will be kept forever. It will help to prevent the use of false or fraudulent director identities
... read moreWhy Use A Tax Agent
Tax Agents will help you to minimise your tax and their fee is tax deductible
... read moreSeptember 2021
- The Key Ingredients for Business Success - Part 1
- COVID-19 Grants & Subsidies
June 2021
- 2021 budget highlights
- Year end tax planning
- Superannuation and tax planning
March 2021
- Planning for a pandemic
- Coronavirus vaccine rollout
- What drives business growth and profits
- Ways to grow your business
December 2020
- Is it the right time to start a business
- Jobkeeper scam
- 2020-21 federal budget summary
September 2020
- Marketing in preparation for a post-pandemic world
- Closing a business
- Jobkeeper extension
- Business lessons from a pandemic
- Car expense & home office claims