Do You Qualify for a Refund of Your Australian Taxes?

Posted on: 23 April 2018

Have you ever worked in Australia but have never intended to call it your permanent home? If so, you may well be interested in learning how to reclaim some of the tax that you paid while you were on those shores, but don't know how to go about this. Where should you start in order to get back the money that you're due? Were You a Tax Resident? Firstly, you must be clear about your "
[Read More]

Tax Returns: 4 Types of Information Needed by Your Accountant

Posted on: 8 May 2017

If you own a business and you need to sort out your tax affairs, going to see an accountant is a great idea. A qualified accountant can fill out any necessary paperwork while also making sure that you are not paying too much tax. However, when you meet with your accountant, it is important that you bring the correct documents with you. Below is a guide to 4 documents you should bring along to your accountant's office.
[Read More]

What Small Business Owners Can Do When Administration Gets Out Of Hand

Posted on: 26 April 2017

Call it procrastination, or just being too caught up in everything else, but small business owners frequently need to play "catch-up" when it comes to their bookwork and financial records. The pressure is definitely on when it comes to the end of the fiscal year, as well, but with some planning and forethought there is no need to endure these panic situations. What can a small business person do to put in place better practices, so that there aren't any nasty surprises in store?
[Read More]

Home Office Deductions When You Own Your Home: A Look at the Basics

Posted on: 25 April 2017

If you are an independent contractor, a small business owner or anyone else who runs a business from a home office, the Australian Taxation Office allows you to claim deductions for your home office expenses on your tax return. In most cases, you can write off a portion of your utility bills and rent based on the space your home office takes up in your home. If you own your home, however, the write off is slightly different.
[Read More]