What is the $20K Instant Asset Write-off Accessible by Small Businesses?

If you purchase an asset before 1 July 2017 and it costs less than $20,000, you can immediately deduct the business portion in your 2017 tax […]
deceased estates and final tax

FAQ: How Can I Pay Myself From My Company?

How Do I Pay Myself from My Company?! There are 4 ways to pay yourself from your company as follows:   1) Pay yourself a formal […]
personal tax

I work from home- what can I claim in my tax return!?

  Working from home If you work from home you may be able to claim a deduction for some of your expenses relating to the area […]
personal tax

I am a Sole Trader. How can I pay myself a wage / super!?

As a sole trader there is no requirement to pay yourself a wage or super from your business. For tax purposes you and your business are […]
There are a number of circumstances under which you will still need to lodge an income tax return with the ATO, even if you did earn […]

Fringe Benefits Tax – What is it?!

A Fringe Benefit is a “Non Cash” benefit provided to an employee or director. Main Features: The tax on the fringe benefit is always paid by […]