Every year the ATO publish small business benchmarks that outline how a typical business performs in each industry. If your business falls outside of the benchmarks the ATO sets, they are likely to take a closer look. If you find your business does fall out of the usual range, you may be asked by the […]
Holiday rental tax deductions: getting it right!
You could be eligible for valuable holiday rental tax deductions if you own a property you use as a holiday rental It usually takes a little time to see a profit but with holiday rental sites like AirBnB and others making holiday rental investments even easier, a growing number of property owners have turned their attention […]
Rental Property Tax Deductions
Are you claiming all your Rental Property tax deductions? If you own an investment property (or are thinking of purchasing one) there are many related expenses that you may be entitled to claim as rental property tax deductions. However, the expenses you can claim as rental property tax deductions can vary depending on your circumstances. They can also be […]
Local Small Business: Are you a local hero?
As a local small business owner you have the ability to be a local hero: A business that people love not just for what you sell or the services you offer but for the unique way in which you and your staff run your business as an integral part of the community. It’s inevitable that […]
Word of Mouth: Who’s talking about you?
Word of mouth is the most valuable form of marketing there is; it’s effective and it’s free! Each of your existing clients has the capacity to bring new business to your door and it won’t cost you a cent. How? You: Provide your clients with a quality service which shows them you care about their […]
Is your business SuperStream savvy?
The ATO’s flexibility on SuperStream compliance deadline is 28th October The switch over is compulsory and the ATO’s 4 month flexibility on compliance will cease after 28th October 2016. Businesses failing to use SuperStream after this date will not be compliant and could face action from the ATO. If you are a small business owner […]
ATO scammers: What to look for
There are many ATO scammers out there, reputing to be the ATO and using various different means to extract money out of taxpayers. Many of these fraudsters are very clever and will go to great lengths to appear legitimate. What can you do to protect yourself? The ATO have been very active in raising awareness […]
Truck driver tax deductions
Truck drivers often spend a good deal of time away from home so have expenses that quickly mount up. Luckily many of these expenses can be claimed as tax deductions on your annual tax return. Truck driver tax deductions include expenses for training, meals, accommodation, clothing as well as maintenance and repairs of the vehicle. […]
Tax Agent
