You Need a Plan for Your Business
As with anything in life the saying goes “fail to plan, plan to fail’. If you want to create a successful and profitable business then you need to create a business plan. If you want to grow your business you'll need a Business Development Plan. What exactly is a business [...]
Keeping Healthy as a Small Business Owner
According to a MYOB Snapshot 80% of small business owners lose sleep at night. According to Natalie Feehan, Executive Group Marketing at MYOB, the first thing a business needs to operate well is a healthy owner. So what exactly did the research show? 91% of small business owners admitted stress [...]
Are You a Business Who Employs Less Than 20 People? Get Ready for Single Touch Payroll!
Single Touch Payroll (STP) started on 1st July 2018 for businesses employing 20 or more employees. Small employers with 5 to 20 employees will be required to start reporting any time from 1 July 2019 to 30 September 2019. The ATO has advised they will grant deferrals to any small [...]
Do You Earn Income Overseas?
If you’re an Australian resident for tax purposes and you receive income from overseas you generally need to declare it on your Australia tax return. If you have paid tax in a foreign country you might be able to claim that as a foreign tax credit offset to reduce your [...]
Maximising Your Super for Over 60s
Are you over 60 but not maximising your allowable $25,000 annual super concessional amount? Did you realise that if you are between 60 and 64 and still working, you are able to access up to 10% of your super balance, and re-contribute it back to Super to claim a tax [...]
Top Ten Tips for Rental Property Owners
When it comes to rental properties make sure you don’t fall for any of the common tax mistakes people fall for this year. Here’s our top ten tips for you to ensure your claims are successful – Always keep evidence to support your claims, like your receipts. Make sure your [...]