A way to have a stress-free tax time is to keep up-to-date records. Keeping good records will help small businesses complete and lodge their tax returns, manage cash flow, meet their tax obligations and understand how their business is doing.
A range of tax concessions could help at tax time. For example, simplified trading stock rules means if the estimate of the difference between opening and closing trading stock is $5,000 or less, the small business doesn't need to do a stocktake.
Small businesses who use simplified depreciation rules can take advantage of the $20,000 instant asset write-off.
You need to buy and install assets that cost less $20,000 by 30 June 2019.
Australian tax laws are complex. So while it’s certainly possible to complete and lodge your own income tax, you can miss out on deductions or rebates you’re entitled to.
Advising on the requirement of Activity Statements, and on how to comply with this requirement. Registration, Preparation and Lodgement of BAS.
Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee or the employee’s associate.
Technology is revolutionising how accountants and businesses alike operate. A major driver of this change is cloud accounting.
Replace Year End Financial Statements with - Preparation of yearly, quarterly or interim financial statements for Tax Returns, Tax Planning or refinancing and Real time reporting.
Helping you solve business problems from lease or buy decisions to liaising between you and third parties to rectify queries & discrepancies (e.g. ATO, OSR, Workers Compensation, Legal Matters including marriage breakdown).
Millions of Australians have taken the step to control their own superannuation and set up a Self Managed Superannuation Fund.
Talk to our local mortgage broker who can find you the best deal on the market to suit your needs.
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