Cheat sheet: Bad debts, and how to write them off
Do you know the difference between your bad debts and doubtful debts? This cheat sheet explains everything you need to know when writing off debt.
The ATO is targeting these three common mistakes this EOFY
The tax office says it will focus on addressing these three common issues with small-business tax returns this end of financial year.
New financial year, new me: Healthy business habits to put in place
To help make tax time a little easier next time it rolls around, consider implementing some of these healthy habits into your business.
Cheat sheet on depreciation: Temporary full expensing, instant asset write-offs, and traditional depreciation
Reduce your taxable income by using temporary full expensing measures to instantly write off the full value of asset investments.
Checklist for SMEs: Maximising your tax deductions this EOFY
Use this simple checklist to ensure you're not missing out on any deductions or paying more tax than you are legally required to.
Tax agents hit by ATO service disruptions as EOFY looms
During what is perhaps their busiest time of the year, some tax and BAS agents have been unable to access all of the ATO’s online services.
Win-win: Why employee bonuses are a useful EOFY tool
Employee bonuses boost morale and can reduce your total tax bill — if you structure them correctly.
Tax tips for SMEs: Super, stocktakes, insurance, and opportunities
With June 30 hurtling towards us, it is well and truly time for SMEs to get on top of their tax situation.
It’s tax time again: Here’s what has changed for tax deductions thanks to COVID-19
At this time of year, tax deductions are front of mind. Here are some changes to keep in mind due to the COVID-19 pandemic.
Explained: What does the legislated increase to superannuation mean for employers?
Employers will be required to pay their workers a higher rate of superannuation from July 1 under legislated changes to super.
The ATO is switching off its business portal in July. Here’s what SMEs need to know
The Australian Taxation Office has switched on its new online services platform for SMEs and will soon retire the business portal it is replacing.
Get ahead of the curve: Planning for single touch payroll phase two
Phase two of single touch payroll will now be mandatory on January 1, 2022. But what's changing, and what will remain the same?
