Running your own business is exciting, but it comes with its own set of financial responsibilities — including navigating complex tax rules. Smart planning can help reduce your tax, maximise deductions, and keep your business financially healthy.
If you’re considering giving some client Christmas gifts this year, in most circumstances these will be tax deductible to your business.
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.
The past few weeks have been full of many whispers regarding tinkering with superannuation following the announcement that the government was going to review the ‘objective’ of superannuation.
If you employ staff or have contractors you pay superannuation for you need to ensure you’re set up for Single Touch Payroll (STP) Phase 2.
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.
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.
The scorecard becomes the marching orders of the organisation, a simple set of metrics that gives clear focus and direction of the business. Despite it being over 20 years since the BSC was first devised, this remains a powerful tool to have in your business toolbox.
