Category: 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.
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.
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.
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).
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.
ATO Gets Serious About Super Guarantee Obligations
New data has enlightened the ATO of certain businesses that may not be meeting their superannuation obligations.
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.
Melbourne small businesses receiving in-person visits from ATO
Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.
What Tax Concessions Are Available For Small Businesses?
Depending on your specific circumstances, these may or may not be relevant for you.
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.
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.
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.