What you can and can’t claim when it comes to rental property expenses
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect [...]
Simple tips for a great business plan
Think of your business plan as a road-map. It moves away from your current destination and aims you at a future ending point. And, like [...]
Preparing an exit strategy
Research has repeatedly shown that businesses that have been prepared for the owner’s exit are significantly more likely to endure than unprepared businesses. These guidelines [...]
3 smart reasons to get business insurance
If your small business operates on a tight budget you might be tempted to eliminate costs that you think aren't necessary. Often small business owners [...]
Myths vs Facts: Work expense claims
Not all expenses associated with your employment are deductible. This helpful guide explores the Myths and Facts of some more common work expense deductions. Myth: [...]
The $11.1bn small business tax shortfall
Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give [...]
A problem no government can ignore
Australian small business tax debt is growing. According to the Australian National Audit Office (ANAO), Small business tax debt in 2017-18 was A$19.7 billion. Currently [...]
Low and middle income tax offset changes now law
Taxpayers with an individual taxable income less than $126,000 will now be entitled to some of the low and middle income tax offset. Understanding the [...]
Protecting your business against a Cyber Attack
Many small business owners assume that cyber attacks only happen to big companies, banks or governments. But the truth is, limited knowledge of digital security [...]
Why it is important to have an up to date will
No one really likes talking about their death, which makes updating—or even writing—a will an unpleasant experience. Often, people put off thinking about their will [...]
