How does it work? Now, when you enter an ABN into business.gov.au’s search, you will be provided with information about the business the ABN belongs to. This information was supplied by the business when registering for their ABN and is publicly available. You can use the ABN search feature to: help prove the identity of […]
Are you new to business?
- business.gov.au
- Tax
What startup costs can you now claim sooner? You may be able to claim the following startup costs in the same financial year: expenses from lawyers and accountants for advice on your proposed business structure or proposed operation government fees, taxes or charges you paid to set up your business or operating structure such as […]
Home-based business owners: are you aware of these tax deductions?
- Xero
- Tax
In most cases, home-based businesses can claim all of the deductions that other small businesses can, but they also get access to unique deductions. With end of financial year just around the corner, here are a few tips about what you can and can’t deduct. Firstly, you don’t have to physically do your work at […]
Tackling your tax in 2016
- ASIC's Moneysmart
- Tax
Pull together your paperwork Before you lodge your tax, you will need to make sure you have all the paperwork and information you need to make sure your tax return is accurate. The ATO will pre-fill some information from banks, super funds and Centrelink into your online tax return from August, so if you complete […]
Employee or contractor – do you know the difference?
Common myths Do you think that someone is a contractor because they: have an ABN do short-term work only have agreed to work as a contractor issue invoices for their work, or work in an industry where just about everyone is a contractor? In fact, none of these things by themselves determine whether someone is […]
Claiming the costs for your business website
- business.gov.au
- Tax
Did you know you can claim a tax deduction for some of the setup and running costs of your business website? There are different ways of claiming. Depending on how much you spend, you’ll either be able to: claim the full deduction in that year, or claim the deduction over a number of years. You […]
How Cloud Technology Has Transformed the Role of Accountants
- Float
- Tax, Technology, Xero
The role of a tax accountant has been continuously changing over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting. In the days before the cloud, the accountant was typically involved in every intricate detail of the lives of their clients. […]
“Let me tell you how it will be”: What the taxman can teach you about getting paid on time
- Onventure
- Tax
There were a couple of email reminders and also a couple of letters, but here’s the thing: I run a tech company, I have three kids under five years old, oh, and I really suck at admin. When it comes to getting paid the taxman doesn’t muck around. He sends reminders. He jumps on the […]