Business Tax Archives - Page 10 of 22 - ITP Accounting Professionals

How A Tax Debt Will Affect Your Small Business Loan

New ATO powers came into effect after the federal government passed a law in late 2019 to protect the Australian economic landscape to report business with over $100,000 in tax debt greater than 90 days. The business entity must have an ABN, have one or more tax debts, are not engaging with the ATO themselves or through a tax agent to manage the debt and don’t have an active complaint with the Inspector-General of the Taxation Ombudsman with an attempt to report the tax debt. Our short report outlines what the exceptions are and what you need to know if you have a tax debt.

2022 Federal Budget

The Treasurer delivered the Federal Budget on Tuesday 29 March 2022, marking the next stage in directing Australia’s economic future. These schemes rely heavily on tax offsets, concessions and relief measures for Australian individuals and businesses. Our short report outlines what these measures are and how they will affect you.

What Tools Can I Claim on Tax?

Whether you’re a tradie, chippie or computer programmer, there are tools of your trade you can deduct from your taxable income – so what tools can you claim and how can you claim them?

Jo Brigden-Jones talks about her life as an Olympian and small business owner.

Olympian Jo Brigden-Jones talks about her Olympic journey and side-hustle cake business that funded her dreams.

ITP Accounting Professionals team with Jo Brigden-Jones Australian Sprint Kayak Olympic and Business go-getter.

ITP Accounting Professionals, the professionals who help Australians minimise their tax and assist small business with their accounting and bookkeeping needs are proud to partner with Jo Brigden-Jones, Olympic sprint kayak champ and small business owner.

Tax Tips for Employees and Contractors

Does your business hire staff? Do you hire employees or contractors? Do you know the difference? There are reporting obligations you should be aware of when you hire the help you need. Read our short report to find out the 6 differences between employees and contractors.

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