Running a small business? Misclassifying your contractors and employees can lead to ATO penalties. Understand the difference and safeguard your business by reading our quick and easy guide.
Keen to maximise your small business tax return? Of course you are! Dive into our concise guide covering the most valuable tax deductions you can claim for your small business.
Many car and vehicle business-related costs can be claimed as tax deductions, but do you know exactly how these costs can be claimed?
Confused about which car expenses you can claim on your tax return? You’re not alone. Dive into ITP’s latest article where our certified accountants demystify the ATO’s rules on car-related deductions.
Not all perks attract fringe benefits tax, but some do. These benefits will need to be reported when you lodge your tax return. Read on to discover precisely how fringe benefits are reported and what your obligations are as an employee.
Does understanding how to claim advertising and marketing expenses for your small business have you scratching your head? Let’s take a look at how you can make these expenses work for you at tax time: