The secret to a successful business is to make sure you are not just working IN your business but that you are also working ON your business. As we settle into the new financial year, there’s no better time to give your business a financial fitness check.
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Entries by AFS Bendigo
More and more Australian investors are choosing to renovate their investment properties before leasing them out. However, investors who live in the property while renovating risk missing out on thousands of dollars in property depreciation deductions.
Travelling for work can be expensive, whether it’s visiting customers in your home town or attending a conference overseas, so it’s important to claim everything you are entitled to in your tax return, keeping in mind that the Australian Taxation Office (ATO) is paying increasing attention to claims in this area.
If you’re a small employer with 19 or fewer staff, the countdown to your first Single Touch Payroll (STP) report has already begun.
It can be hard to navigate the rules around vehicle deductions if you’re a small business owner. Whether you use an accountant or lodge your own tax return, this information will help you when claiming deductions for motor vehicle expenses for your business.
Happy new financial year! Just like that we have reached the 2019/2020 financial year. If you asked anyone in the 80’s what we could expect in 2020, we assumed we’d all be eating synthetic food pills and being served by robots. In reality,
Tax time is here! We have five tips to ensure you maximise the deductions for your investment property.
The grace period for large employers required to be Single Touch Payroll (STP) compliant since last year (1 July 2018) has ended with penalties now in full force.
In the 2017-18 financial year, the Australian Taxation Office (ATO) collected over $500 billion in liabilities from Australian taxpayers, with 89.5% paying on time, followed by 95.9% paying within 90 days of the due date. Although most Australians pay their tax bill on time, some can’t – or just won’t – pay what they owe.
Tax time can often feel like a hassle, but it’s all worth it if a tax refund lands in your account. So what’s the best way to spend it?