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.
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.
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.
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…
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.
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.
With the 2022 Tax season fast approaching, we’ve pulled together 7 tax considerations to pop on your Personal Tax Checklist.
Remember what to review, report on and reconcile to lodge your STP finalisation declaration on time with this handy checklist from Xero.
Well, as expected there was very minimal announcements for small businesses in last night’s 2023 Federal Budget update. The focus of the budget was mainly at relieving some of the cost-of-living pressures felt by the most vulnerable Australians.
Fringe Benefits Tax (FBT) is high on the ATO’s focus … Continued
