21 January 2021
How your unused leave is taxed

How your unused leave is taxed

When your job ends, whether there has been a termination of employment or redundancy you will receive a payment for unused leave. This payment will be […]
14 January 2021
What are fuel tax credits

What are fuel tax credits?

The government provides fuel tax credits for businesses with a credit for the fuel tax (excise or customs) that is included in the price of fuel […]
7 January 2021
What are business activity statements

What are business activity statements?

Businesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting and payment of: Goods and services […]
18 December 2020
How the ATO conducts tax audits

How the ATO conducts tax audits

Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a fairly […]
10 December 2020
Reduce the tax you pay

Reduce the tax you pay

There are various potential ways you can reduce the tax you pay. You may be entitled to tax deductions, offsets or you may choose to opt […]
3 December 2020
The ATOs record keeping requirements

The ATO’s record-keeping requirements

Record-keeping, if done well, can help running a business much easier. It gives you an overview of the business’ financial progress so that owners can assess […]
25 November 2020
Taxation process for your super contributions

Taxation process for your super contributions

How much tax you pay on your super contributions and withdrawals depends on a variety of factors. The process takes into account your total super amount, […]
19 November 2020
CGT concessions available to small businesses

CGT concessions available to small businesses

Businesses receive four different types of concessions on top of CGT exemptions and rollovers which are available to everyone. These allow businesses to disregard or defer […]
12 November 2020
What you need to know about claiming tax deductions

What you need to know about claiming tax deductions

There are different types of deductions that individuals can claim to reduce their taxable income. Work-related expenses In order to claim work-related tax deductions, the expenses […]