ATO tax time focus for small business
ATO tax time focus for small business The ATO has released a tax time tool kit to assist businesses and us as your tax advisor…
Deductions – General
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Financing motor vehicles
Outright purchase The advantage of purchasing a vehicle outright, as opposed to financing the acquisition of the vehicle, is that there will be no ongoing…
Ride Sharing – The Rider
Deduction The same principles apply as per taxi fares. Where the fare is business-related, for example you are travelling from your office to a client’s…
Getting deductions for clothing and laundry expenses right
The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain…
Last-minute tax planning tactics
This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right…
JobKeeper voluntary repayment
The ATO has stated that eligible businesses that received JobKeeper payments do not need to repay those amounts. However, some businesses may choose to voluntarily…