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]
Why You Should Take the Threat of a Tax Audit Very Seriously
Posted on:
25 April 2017
Death and taxes. Supposedly, the only two things that are guaranteed in life? Either way, if you're in business in Australia you know that the tax season comes around all too quickly. You've got to pay attention to getting this right, or you risk an audit by the dreaded ATO. What do you need to pay attention to, especially when it comes to your record-keeping capabilities, if you're going to avoid an unwanted visit?
[Read More]
