All too often here at Freshwater, we see small business owners exhausted, burned out, struggling with their cash flow, and working CRAZY hours – wondering why they bother. In most cases, these businesses have had some pretty decent initial success with fast initial turnover growth.
DON’T Transfer money in and out of your company willy nilly/ without a plan!
Borrowing money from your own company might seem convenient / easy / simple / a minor issue that you can rectify later but in so many cases, this practise just results in a tax, legal and administrative NIGHTMARE.
Company directors: here’s our guide to the intricacies of borrowing money from your company…
What can I claim on my rental property in my tax return?
Renting out a property that you own can be a fantastic way to boost your tax refund.
The Australian Taxation Office (ATO) has announced its three main areas of focus for the current Tax Time: Rental Property Deductions: The ATO has identified rental property deductions as a critical area for attention.
We get lots of questions quite regularly from new business owners, around how GST works and when is the best time to register.
The 2023-24 Federal Budget has introduced some measures intended to provide relief for individuals and small businesses, as well as increased funding to crack down on tax evasion.
Outsourcing, if not done correctly – can easily lead you down the garden path and have you worse off. Here are my top 10 tips to help you outsource effectively.
At this time of year, I like to remind our small business clients of the importance of projecting your tax position prior to 30 June.
It’s important your review your student loan before June 1 which is the annual date that the ATO applies its HECS/HELP inflation indexation.
You can claim a wide variety of tax deductions as an Australian business owner. We’ve summarised what you can and can’t claim in your tax return.
With inflation increasing in Australia, we thought it would be timely to look at what is inflation and what does it mean to your business?
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