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As the end of fiscal year (EOFY) approaches for most companies in Australia, it’s time to make sure you’re not missing out on any opportunities to reduce your business tax obligations. While you should make sure to conduct a thorough review of all your financials, these additional tips can help you find specific ways to manage your tax concerns before…
The Australian tax code can be confusing, especially for new or small to medium businesses. If you take some time to learn the basics, though, you can make tax deductions work for you regardless of the size of your business or how many expenses you have. Take a read through these tips to see what…
There’s really only one reason to call an accountant: to improve your business performance. No matter what condition your business is in, things could be better. If you are raking in the profits with all the business you can handle, maybe it’s time to grow. If you are just making ends meet, it’s time to boost revenues and lower expenses.…
There’s really only one reason to call an accountant: to improve your business performance. No matter what condition your business is in, things could be better. If you are raking in the profits with all the business you can handle, maybe it’s time to grow. If you are just making ends meet, it’s time to boost revenues and lower expenses.…
Understanding the complex and ever-changing tax compliance regulations is a challenge for every small business. On top of keeping up with changes, you must also closely follow the regulations for proper recording of tax compliance transactions. According to Australian Taxation Office Assistant Commissioner Jennifer Moltisanti, errors on taxpayer Business Activity Statements (BAS) can create unnecessary costs for your business. She encourages small…