Does your business need an ABN?
It’s not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should. Foremost among…
Small Business Entity Framework
Read MoreDoes your business need an ABN?
Have you thought about the small business pool write-off?
The temporary $20,000 immediate write-off for “small business entities” attracts regular queries, even though it has been many months since the initiative was first announced…
New company tax rate — beware of franking implications
The recent cut to the tax rate for small incorporated businesses, while generally welcomed, can bring with it some important considerations when it comes to…
Company directors: Better brush up on your responsibilities
As though business owners and principals don’t already have enough on their minds, the words “slowing economy” are being heard around the barbecue again —…
Top 5 avoidable tax mistakes small business owners keep making
It’s something of a little white lie, isn’t it — the one told to aspiring small business owners and entrepreneurs is that hard work guarantees…
Why you need to disclose a business industry code for your tax return
The Tax Office has re-released its business industry code (BIC) tool to help small businesses speed up their tax return lodgement. The BIC is a…