Tax Trending Articles

The client, a metro-based trade business, was winning plenty of work but had no clear visibility into true job costs. Quotes were often based on experience and rough estimates, with materials, labour, and overheads not consistently tracked against each job. As costs rose and jobs varied in...

The client, a single-location cafe based in a busy suburban area, was operating without clear visibility into margins or cash flow. Pricing decisions were reactive, costs were creeping up, and the owner often felt unsure whether the business was actually performing as expected. Our approach...

Tax time is approaching. You know what that means? It means that there are quite a few tax deduction tips you should definitely know about if you want to make the most out of your tax return. As a business owner you can claim tax deductions for a lot of things you probably did not know...

Tax planning season is fast approaching! If you have a small business and you want to decrease the taxes you pay now and in the next financial year you need to meet with your accountant and plan for it. I have compiled a list of components your business could consider when starting your tax...

It is that time of the year again. No, not the massive stocktake sale that’s going on; even though it is pretty awesome; it is the end of financial year which means tax time is coming. I know when we hear the word ‘tax’ we tend to relate it to something boring, extensive and complicated. This...

When starting a business in Australia -- whether big or small, you need to make sure that you have registered for all the required taxes. Although most of these are dependent upon the type of business you are entering into, there are some standard taxes that must be cleared no matter what kind of...

A new study revelated a lot of fresh and surprising information about the small business owners in Australia.  Why don't small business owners use the $20,000 tax break and why do these people feel frustrated? A lot of people have poor knowledge about taxations or are still not aware of...

Land tax is a State tax imposed by the Queensland Government on owners of freehold land in Qld.  Fortunately, the land tax year runs from July to June, so at least it is in line with the income tax year!  You may be liable for the tax on land you own as at midnight on June 30.  Exemptions do...

Every year the Australian Taxation Office checks to see whether businesses, especially SMEs make certain types of transactions involving private expenses on behalf of the company funds. The laws and regulations for such cases are collectively known as the Division 7A rules of the Tax Act -...