Tax time
How COVID-19 changes tax time As this financial year draws to a close, it will be viewed as a year like no other. COVID-19 (coronavirus) has impacted everybody’s life, albeit in different ways for different people. Read more
working from home
Calculating your working from home deductions. New tax shortcut! With many people now working from home because of COVID-19, some of the expenses your employer normally covers – such as electricity, heating and cooling – are coming out of your pocket instead. Read more
Taxes
Tax concessions: helping small businesses Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax bill.

Depending on your annual turnover, these can include reduced tax rates, asset write-offs, simplified depreciation rules and tax-free restructuring. Read more
Festive season
Tax and the festive season As the festive season approaches it’s time to start thinking about celebrations and spending time with friends and family.

For most business owners, it also means it’s time to start thinking about saying thanks to your employees for another year of hard work.

But it’s important to be aware of the tax implications of any gifts and celebrations you provide, as the rules can be complex. Read more
Safe harbour
Finding safe harbour when business is rough Australia’s economy is growing at a slower pace than many would like, with small businesses in some sectors doing it tough. Recognising the warning signs of potential insolvency is key to trading through difficult times. Read more