Category: Small Business

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Small Business

Two simple tips for small business asset protection

Asset protection is vital, because you have no idea what troubles your small business could run into down the line.

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Small Business

Calculating Super Guarantee: The new rules

New rules ensure that an employee’s salary sacrifice contributions cannot be used to reduce the amount of superannuation guarantee (SG) paid by the employer.

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Small Business, Tax

What Tax Deductions Can Be Claimed For A Business?

Saving as much tax as possible is one way to give your business a greater chance of success.

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Small Business, Tax

The tax deductibility of Christmas gifts and parties to staff

Christmas parties are considered to be “entertainment benefits”. Therefore, the expenses may be subject to fringe benefits tax (FBT).

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Small Business

What to remember when hiring contractors over the silly season

Over the busy holiday period, many businesses will begin to use more cleaning and courier contractors to cope with heavy demand.

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Small Business, SMSF

ATO Gets Serious About Super Guarantee Obligations

New data has enlightened the ATO of certain businesses that may not be meeting their superannuation obligations.

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Small Business

When Can I Claim GST Credits?

Essentially, GST credits (or input tax credits) are a refund/credit for the tax included in the price of your business inputs.

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Small Business, Tax

Melbourne small businesses receiving in-person visits from ATO

Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.

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Small Business

What Tax Concessions Are Available For Small Businesses?

Depending on your specific circumstances, these may or may not be relevant for you.

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Small Business, Tax

Cash Accounting vs Non-Cash Accounting For Reporting GST

As a general rule, smaller businesses tend to use cash accounting because it is not as complex as non-cash accounting.

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Small Business

Why Does Your Business Need To Be In A Trust?

Allow us to read from our big, long list of reasons why we love them.

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Small Business

The $11.1bn Small Business Tax Shortfall

The tax gap estimates the difference between the tax collected and the amount that would have been collected if everyone was fully compliant with the law.

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