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
Gift, Present
Unwrapping the joys and pitfalls of giving Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.

While Australia doesn’t have a gift tax, there are tax considerations nonetheless for both the giver and the recipient.

Buying a toy for your grandchild is one thing but many parents wish to help their adult children or grandchildren with more substantial gifts such as a home deposit or a car. If you receive a Centrelink age pension now or are within five years of retiring, that “gift” will be counted as an asset and could affect your pension. 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
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