Classifying a new worker
It is important to determine whether a new worker is classified as an employee or a contractor, as it affects…
Blog Archive
- Tax ·
Five New Year’s Tax Resolutions
Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!
- Tax ·
Why is my refund less than expected?
As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting…
Refresh your ABN details
When did you last check your details on the Australian Business Register? If you're not sure, it's time to check…
Has your business been impacted by floods?
If you’re a small business or an individual in an Australian Government Disaster Recovery Payment declared local government area, you…
Banking your business income to a private account?
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this…
Stapled super funds for new employees
When you employ new staff and offer them a choice of super fund, it's possible that they won’t choose one.…
- Tax ·
Business income and expenses
If you're running a business, most income you receive is assessable for income tax purposes. The total amount is referred…
How’s your record keeping?
Good record keeping makes things easier at tax time – consider if a digital business solution (such as digital record…
- Tax ·
Taxing fame: The ATO’s U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should…
Entertaining your employees?
With summer just around the corner, you may be planning a party or a day on the green with your…
Made a business or non-commercial loss?
Any business can make a loss. You generally make a tax loss when the total deductions you can claim for…
