Claiming a deduction To claim a deduction for working from home, all of the following must apply: You must have spent the money. The expense must be directly related to earning your income. You must have a record to prove it. This…
CORONA VIRUS PAYROLL TAX RELIEF
Eligibility If you are an employer (or part of a group of employers) who pays $6.5 million or less in Australian taxable wages, you may receive an email about a: refund of your payroll tax for 2 months payroll tax holiday (i.e. no payroll…
COVID 19
UP TO DATE LODGEMENTS. As per the announcement by the Government, there will be access to grants to help businesses effected by COVID 19. Please ensure your lodgements are up to date to have access to this grants if eligible.…
5 Steps to Becoming a Franchisee
1. FIND AN INDUSTRY YOU’RE PASSIONATE ABOUT Just because you are going for a franchise rather than a business set-up from scratch, doesn’t mean you should compromise on what’s important to you. Rather than focusing on a specific franchise you…
Finding the Right Accountant
If you have your own business or are planning to start one, finding an accountant you trust is one of the most important elements for success. This is because it is your accountant who you will look to for advice…
Plan Like a Pro
When starting your own business it’s easy to go gung-ho and want to start trading right away, but the better course of action is establishing some direction as to where you want your business to go. The best way to…
Maximise Your Business Profit
There’s no greater feeling than seeing your products fly off the shelves and into the hands of a happy customer, or an invoice paid after a job well done. The only thing that puts a dampener on the whole affair…
Finance for the Self-Employed
When you’re an employee being paid on PAYG and have been for some time, you may get a little lost after making the jump to self-employment. There are a number of aspects that you need to consider to ensure that…
Starting Your Own Business
If you’ve never had experience in setting-up and running your very own business, you may end up getting stuck on the first fundamental steps. Create a Business Plan Having your entire business concept stored away in your mind for you…
Beginner’s Guide to Record Keeping
Starting your own business is an exciting milestone and it should be celebrated, but it can also turn out to be a hectic period in time as well. As such, business owners often lose sight of staying on top of…