Small Business Accounting Blog

4 min read

Payroll Tax Issues For Businesses

For those in business, payroll tax is a costly and annoying administrative burden that is begrudgingly accepted. In recent times however...

5 min read

2023 End of Financial Year Tax Reporting Obligations for Businesses

The new financial year has just commenced which means businesses should now be focusing on their 2022/23 EOFY tax reporting obligations,...

4 min read

Tips to Secure Payments on Time Every Time on the Sale of Goods

It is a sad reality of business that sometimes those you are dealing with let you down, because of this, when carrying on a business...

9 min read

Small Business Tax Planning Strategies For 2023

The end of the 2023 financial year is only a few weeks away, but there are still some last minute strategies that SME business owners...

4 min read

Key Business Succession Issues

It is crucial for business owners to consider business succession planning to ensure the smooth transition of their business to the next...

5 min read

Structuring Property Improvements in a SMSF

When a self-managed superannuation fund invests in real estate, it can seem like a reasonably straight forward arrangement, with specific...

5 min read

Tax News and Updates May 2023

Dangers of falling behind on BAS & superannuation guarantee lodgements Many business owners fall behind on their superannuation guarantee...

5 min read

Navigating the 5 Stages of Growth to Maximise Business Value

As a business owner, you’ve no doubt heard the phrase "scaling a business" but what does that actually mean? How do you know when your...

11 min read

Business Tax Update - April 2023

Tips in Preparing the 2023 FBT Return The 2023 FBT year ended on 31 March 2023. Businesses should start planning to ensure their...

5 min read

Issues to Consider and Strategies for Dealing with Unpaid Distributions by a Family Trust

Discretionary trusts continue to be a popular structure in Australia for both investment and business purposes. The main reasons for this...

8 min read

Tax News and Updates March 2023

Importance of correctly classifying a person as an employee or contractor An issue that often arises is the question of whether an...

4 min read

4 Things you Need in your Business Financial Toolkit

If your business doesn't make money, you won’t be in business for long. These four things should be in your financial toolkit to keep you...

4 min read

Tax News and Updates February 2023

Importance of paying ASIC fees on time for a SMSF It’s very important for directors of corporate SMSF trustees pay the annual ASIC review...

5 min read

Strategies for Directors to Monitor the Financial Performance of a Company

Directors have a number of obligations under the Corporations Act 2001 (Cth). Failure to meet those obligations may result in exposure to...

5 min read

Buying Commercial Property in a SMSF

A common frustration experienced by business owners is not being able to use their super savings in their business. Not being able to...

5 min read

Tax News and Updates December 2022

Claiming losses relating to collapse of FTX crypto exchange The collapse of the FTX crypto exchange has left around 30,000 Australians on...

4 min read

Tax News and Updates November 2022

Value of goods taken from trading stock for private use by business owners The ATO has published Taxation Determination TD 2022/15...

7 min read

Tax Issues with Claiming Crypto Losses

What is Cryptocurrency? Cryptocurrency (Crypto) is a digital asset that can be an investment, a medium of exchange or a means to access...

5 min read

Tax News and Updates October 2022

ATO increases interest charges The ATO has increased both its general interest charge (GIC) rate and shortfall interest charge (SIC) rate...

5 min read

Protecting Business Assets with Post Employment Restraints

Business owners are aware of the amount of value that resides in the people who work in their business and understand the amount of...

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