Changes to Working from Home Tax Deductions
The 2023 tax year sees changes in how taxpayers calculate and claim a tax deduction for working from home expenses.
The 2023 tax year sees changes in how taxpayers calculate and claim a tax deduction for working from home expenses.
If you’ve recently set up your Xero account and need a little bit of guidance with regular day-to-day tasks, you’re in luck! We’ve pulled together a quick checklist for you, covering some of the most common tasks you’ll need to be across to get the most out of Xero.
You’ve made the decision to adopt Xero for your small business, and now it’s time to get it up and running. We’ve pulled together a quick checklist to help guide you through the set up stage, with some helpful links to Xero resources for more information.
If you’re considering giving some client Christmas gifts this year, in most circumstances these will be tax deductible to your business.
We find a lot of businesses get really confused as to what they can/can’t claim and if there are any Fringe Benefits Tax consequences to the entertainment they provide to their staff and associates as a result of Christmas festivities.
As the year nears its end, naturally we’re all in a bit of a frenzy right now attempting to tick as many things as possible of our to-do lists. But if you’re lucky enough to have some downtime after the end of year rush, you might like to spend some time getting your business basics right. These 5 tips are a great place to start!
Just starting out as a Freelancer in Australia? It’s important to understand your tax obligations. Check out our Freelancer’s Guide to Tax.
With the 2022 Tax season fast approaching, we’ve pulled together 7 tax considerations to pop on your Personal Tax Checklist.
As a small business owner too, we know how busy EOFY can be. So, we’ve pulled together 14 tax considerations for Business Owners, to help you prepare for your 2022 Tax Return.
When you sell an asset (let’s say a property), you will do so at a profit, a loss, or you’ll come out even. If you’re lucky enough to come out with a profit, that profit you receive is called your Capital Gain. When you complete your tax return, you’re required to report your Capital Gains as well as your Capital Losses, but you only pay tax on your Capital Gains (i.e. when you’ve made a profit). This is called Capital Gains Tax (CGT).