AFS NEWS | Your partners in success
Operating an agribusiness can be tough. From extreme weather conditions to commodity price variation, farmers face an array of challenges each season. Often these challenges cause financial strain and significantly impact bottom line.
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.
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.