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
Carving pie
Carving up your GST Apportioning your GST obligations
For many small businesses, reporting the GST you collect after issuing tax invoices to customers can be a headache. But there is a way to save time and make the bookkeeping process a bit easier – if you meet the ATO’s eligibility criteria. Read more
Side hustle, woman working
What you need to know if you have a side hustle Whether it’s to pursue a passion or to make a little extra money, more Australians than ever now have a side hustle.

But while freelancing, moonlighting and pursuing passion projects can be a great way to add value to your life, they can sometimes complicate how you go about managing both your time and finances. Read more
Investing money
Smart ways to invest your tax return Tax time can often feel like a hassle, but it’s all worth it when that tax refund lands in your account. So, what’s the best way to spend it?

With last year’s average refund being $2,574, it’s no small question.i And if you are one of the lucky ones to receive a refund your options are endless. From paying down debt to investing in your future to blowing it all on a big holiday, the choice of how you spend your refund will depend on your goals and your circumstances. Read more
Small business - tax
Is your business financially fit? The secret to a successful business is to make sure you are not just working IN your business but that you are also working ON your business. As the end of the financial year approaches, there’s no better time to give your business a financial fitness check.

Of course, the best policy is to continually monitor how your business is faring throughout the year. But if you’ve been caught up in the day-to-day management then now is a good time to get back on track because you will be looking at your figures for tax time anyway. Read more