Small Business Archive
Small BusinessTax
Letters are being sent by the ATO to directors of companies with overdue debts, cautioning that non-payment or lack of communication may lead to a director penalty notice (DPN) being issued.
Small Business
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.
Small BusinessTax
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it's likely that you would have claimed a depreciation expense.
Small Business
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right?
Small Business
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider.
Small Business
If you’ve provided fringe benefits to your employees or their associates between 1 April 2022 and 31 March 2023, it’s now time to lodge and pay your 2023 fringe benefits tax (FBT) returns.
Small Business
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough.
Small Business
As a small business owner, it is possible that you may have recently received a grant to support your business during difficult times.
Small Business
It is important to determine whether a new worker is classified as an employee or a contractor, as it affects tax, superannuation, and other obligations such as workers compensation insurance, as well as the worker's entitlements.
Small Business
When did you last check your details on the Australian Business Register? If you're not sure, it's time to check your details are up to date.
Small Business
If you’re a small business or an individual in an Australian Government Disaster Recovery Payment declared local government area, you can request deferral on your lodgment due date. If you need help, contact the ATO to discuss your circumstances.
Small Business
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!
