Category: Accounting Money and Finance

Top tips to avoid the tax time scramble

The deadline for Australian small businesses to lodge their Business Activity Statements (BAS) and make sure all GST records are up to date is quickly approaching. If you’re armed with the correct tools, know when to seek advice, and are prepared to handle mistakes if and when they happen, you can navigate the process quickly and efficiently — all while keeping your business running smoothly. 

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How to Get Organised for Tax Time and Maximise Returns

Tax time is fast approaching and it can be one of the most stressful times for business owners, especially if you’re not organised. There is a lot of administration and paperwork to deal with and it can feel overwhelming. If you’re looking to minimise the stress and maximise your returns, now is the time to start getting organised for tax time.

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Understanding the Benefits of the Small Business Pool

Small businesses are the backbone of the Australian economy, accounting for more than 98% of all businesses in Australia. Thankfully, the Australian Taxation Office (the ATO) offers these small businesses several tax incentives as a result –  and one of the most significant of those incentives is the small business pool simplified depreciation rule. 

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