Tax Time Occupation Guides

With tax time upon us, the ATO has pulled together some handy occupation guides to help you to better understand what you can and can’t claim on your 2022 income tax return.

You can download each of the guides in our latest blog article, or visit the ATO website for more information.

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.

Proposed Super Changes to Members with $3m+

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.

Xero Users to enrol in STP (Phase 2) by 31 March

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.

Day-to-Day Xero Tasks Checklist

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.

Setting up Xero Checklist

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.