Read the latest news, get tax advice and keep up to date with our timely and informational short reports.
In today’s business world, it is imperative that businesses have a good way of recording all transactions. Not only will it help you understand the financial health of your business, but it will keep you legally compliant with the Australian Taxation Office (ATO) and the Australian Securities and Investment Commission (ASIC).
Do you have a side hustle? It’s a great way to earn a little extra money, but beware of the unintended tax implications you might be obligated to pay.
Sometimes it can be difficult to determine if your property is termed as a residential premise and this is where good advice is essential. What are the GST implications you’ll need to be aware of to remain compliant with the Australian Taxation Office (ATO)?
How to use ITP’s online tax return service. It’s super easy. Once you’d filled in your details, our tax agents will review your details, claim all of your entitlements and lodge your tax return for you without you worrying about a thing. So, where do you start?
End of Financial Year can be a busy time, but it can also be the most productive time of the year for your Australian small business. Reconciling your businesses financial position can lead to positive changes for future planning and growth strategies, but what do you really need to do?
The ‘To Do’ list for your business sometimes seems unending, but at the end of financial year (EOFY), it’s more important than ever to prioritise your financial ‘To Do’ list so you can get your business organised and work smarter for the next year. What are your EOFY essential tasks?