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As a small business owner, you’re busy enough with the day to day running of your business, making sure your customers are happy and paying all the bills. It’s understandable that your focus is there, however, a big part of business is making sure you stay in business. All sorts of things can and do go wrong and a little bit of insurance planning can go a long way to ensure you stay afloat.
In today’s world almost every transaction is virtual, which means it relies heavily on firewalls, anti-virus programs and safeguards to keep your financial data and personal information secure. However for every virtual wall built, there is a hacker writing programs and a scammer in the sidelines planning to steal your data.
The more tax deductions you claim, the more of a tax refund will receive. If you don’t declare all of your income streams, you could be missing out on claiming all your eligible deductions or worse – land yourself in hot water with the ATO.
There is often confusion when it comes to understanding the difference between tax deductions, tax write-offs and tax offsets, but understanding these terms might have the greatest impact when it comes to minimising your tax.
While savvy Australian’s look at ways to cut their expenses, tax is often overlooked. Tax is actually one of your highest yearly expenses, and the truth is most don’t look at ways to cut their taxes. You might think that there aren’t many ways tax can be reduced, but the truth is, it can – and it’s quite easy! A little bit of knowledge and professional advice is all you need.
While savvy Australian’s look at ways to cut their expenses, tax is often overlooked. Tax is actually one of your highest yearly expenses, and the truth is most don’t look at ways to cut their taxes. You might think that there aren’t many ways tax can be reduced, but the truth is, it can – and it’s quite easy! A little bit of knowledge and professional advice is all you need.