Tax

As a business owner, you can claim a tax deduction for expenses for motor vehicles – cars and certain other vehicles – used in running your business. When it comes to claiming on motor vehicle expenses, sole traders and those operating in partnerships can claim the cars used for their business with the logbook method. It’s […]

Have you been hearing a lot about business activity statement(s) and feeling more than a bit of pressure? Kicking off the new year for your business shouldn’t be shrouded in the darkness that can be a looming BAS. But how can you be sure that your business is ready? To start with, demystifying the BAS

Are you considering giving your employees a treat this year as a thank you for their hard work? Have you ever thought if the gifts to staff are tax-deductible? Certain gifts given to your employees may be claimable as a tax deduction under strict conditions and rules. During this time of giving, a Christmas gift

Importing goods in Australia can be subject to different taxes, rules and procedures. As an island country, Australia imports many products that businesses sell. Whether it’s a paperback bestseller from the New York Times, a luxury car for a dealership or heavy machinery for the mines, taxes on the imports of these goods is an

An Office Christmas party is good, but how do I claim a tax deduction for it? While your business may not necessarily be planning an extravagant bash after the events of this year, a Christmas party may be on the menu for your hard-working employees. Planning out your Christmas party in a COVID-safe manner with

Are you thinking about starting the new year with a new job? It’s coming to that time of the year where many Australians may be thinking about refreshing their careers with a change of pace, but that could leave them with taxable consequences for their unused annual leave. For example, some tax traps might impact

Primary Producer Many individuals, trust or companies may be involved in a business that deals with primary production. These are a primary producer engaged in plant or animal cultivation, fishing or pearling, tree farming, or felling operations and like all of us have to pay tax. The taxable obligations of one involved in primary productions

Are you in the process of getting a second job to supplement your income? Or have you already received one? How Much Tax Do You Need To Pay On Your Second Job? Gaining employment in a second position or job means that you may have a higher amount of tax withheld from your pay. Though

The creative arts and event management industry has been one of those affected over the past two years by COVID-19. Organisers had to face Countless cancellations, uncertainty and threats to the continued viability of the businesses and individuals involved. With more than 600,000 Australians within the industry, the government aimed to ease the burden of

A common question we get asked “is an investment property tax-deductible”. Over the last 12 months, there have been many notable schemes promoted by state and federal governments to assist businesses and individuals with much-needed tax relief. Numerous relief schemes have been put into place to help those with rent relief for their businesses. Rent