by Jo-Anne Chaplin | Jun 20, 2020 | Updates
I want to talk today about record keeping for tax purposes. In order to make sure we claim every deduction we’re entitled to, it’s a must to be able to substantiate claims. At the moment, the ATO is under pressure to increase tax collections, so audit activity is...
by Jo-Anne Chaplin | Jun 20, 2020 | Updates
One of the most common questions asked by new business owners is ‘what can I claim”? To calculate the amount of profit your business pays tax on, is determined by reducing your business income by eligible deductions. Eligible expenditures must be substantiated, and be...
by Jo-Anne Chaplin | Jun 20, 2020 | Updates
Be Organised To Ensure You Receive The Best Refund This Year It’s great to get a good refund each year, so to get the best outcome, early planning is vital. Tax is paid on your “taxable income” which is the amount of income left after deducting your allowable...
by Jo-Anne Chaplin | Jun 20, 2020 | Updates
The GST regime has been with us nearly 20 years now, but there is still some confusion as to what it applies to, who should be charging and who should not be charging GST.The GST regime has been with us nearly 20 years now, but there is still some confusion as to what...
by Jo-Anne Chaplin | Jun 20, 2020 | Updates
Employing staff is a major step for many small businesses, and in order to “test the waters”, some prefer to hire on a contract basis rather than a wage basis. Others use the contracting system for casual, seasonal and trade workers. This is not illegal, however there...