Tax
FollowTax Archives
Six tax tips for your small business this EOFY
Good record-keeping is your best friend for efficient business management and will also make life easier if the ATO asks...
The Instant Asset Write-Off returns for 24/25: Here’s how to maximise them for your business
The scheme allows businesses to claim an immediate tax deduction for the full cost of eligible assets up to $20,000 in t...
Government urged to give certainty to small business over ‘crucial’ tax breaks
“This uncertainty has highlighted the need for predictability and certainty so a small business can plan in a sure-foote...
Four ways to reduce your business tax bill this EOFY
Small businesses can pre-pay up to 12 months of certain deductible expenses before EOFY (such as rent, subscriptions and...
More Aussie businesses turning to business rescue programs to address tax-debt insolvency
Business owners are urged to overcome their fear and shame of being found to be insolvent and giving themselves the best...
ATO issues warning about the three most common tax filing errors
In 2023 more than eight million people claimed a work-related deduction, with around half of those claimed a deduction r...
Worsening economic conditions impacting female small-business owners particularly hard
The high cost of doing business has long been the major pain point for female small-business owners, alongside issues fi...
The biggest challenges Aussie start-ups face…and how to overcome them
Failing to set money aside to pay tax is one of the most common pitfalls that new businesses fall into.
ATO offers free online tax and superannuation support for small businesses
The ATO platform include tips on areas where small-business owners commonly make mistakes, such as GST and business dedu...
SMEs flocked to avail themselves of uncapped instant asset write-offs before deadline
SMEs with declining or flat growth took most advantage of the Instant Asset Write-Off scheme, with 68 per cent purchasin...