Featured Blog

Tax Saving Strategies for Small Business Owners

Owning a small business presents various challenges, and managing taxes effectively is one of them. Although navigating the complex tax system may seem overwhelming, implementing effective strategies can lower your tax responsibilities and boost your profits. As tax specialists, we’ve pulled together some practical tax-saving strategies designed for small business owners.

Tax Saving Strategies for Home-Based Businesses

Home sweet office? You can certainly cash in on that!  Whether you’re freelancing, consulting, or running the show from your living room, understanding home office tax deductions can be a game-changer. Let’s unpack some juicy ways that home businesses can squeeze the most out of their tax benefits with home office deductions.

Tax Implications of Working Remotely

Navigating the shift to remote work? Let’s untangle the tax implications together. Whether you’re an independent worker, part of a remote-friendly company, or a business owner managing a remote team, understanding the tax system is key. It might seem like a jigsaw puzzle, but armed with the right insights, you can ensure you’re following the rules and taking advantage of potential tax perks. So, let’s break it down.

How are Sole Traders taxed in Australia?

Whether you’re just starting as a sole trader, contemplating a shift in your business structure as a company owner, or an established sole trader looking to project your tax obligations for the upcoming year, it’s crucial to gain a clear understanding of how tax rates function for sole traders in Australia.

‘Tis the season to talk about Christmas Party Tax Rules

Have you ever wondered how to navigate the Fringe Benefits Tax when planning your business’ Christmas party? Well, fret not! We’ve got you covered with all the details on how to keep the party going without breaking the Christmas budget.

Year End Payroll Tasks for Employers

As we are approaching the end of the financial year, it is important to get the records right to finalise the payroll. Here is an overview of the general year end payroll tasks that you should be working through…

Paying Dividends from Your Trading Company

It is common for owners (shareholders) of companies to want to access the profits that have accumulated over time and use these funds for their personal lifestyle. One way this can be achieved is declaring and paying dividends.

2023 Tax Checklist for Business Owners

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 2023 Tax Return.

2023 Personal Tax Checklist

With the 2022 Tax season fast approaching, we’ve pulled together 7 tax considerations to pop on your Personal Tax Checklist.

Xero EOFY Payroll Checklist

Remember what to review, report on and reconcile to lodge your STP finalisation declaration on time with this handy checklist from Xero.