Read the latest news, get tax advice and keep up to date with our timely and informational short reports.
It’s good news. The NSW government has recently cut taxes for small to medium-sized business by adjusting the threshold on payroll tax. Nearly 40,000 small businesses in NSW are now up to $8,175 better off per year following a second cut to payroll tax in 12 months.
Construction workers and tradies have their fair share of tax deductions they can claim – but are you claiming everything you’re entitled to? Read more here.
Hairdressers can either work as employees or run their own business. Make sure you take advantage of these seven tax deduction write offs during tax time.
Running a business can keep you busy, but some sole traders do their bookkeeping well into the morning. Free up time with a professional bookkeeper. Read more.
Even though you might think that receiving an insurance payout or are claiming workers compensation is not an income, the ATO does regard it as such. These payments may impact your tax, but there are claims that you are entitled to make when you do declare these types of payouts. What do you need to know?
The internet has opened up so many avenues for earning an income. Drive on the weekends and book with Uber? Rent your tools through Toolmates? Your holiday house through HomeAway or AirB&B? Rent out your caravan through Campify? What should you know about this income stream when it comes to tax?