Small Business Accounting Blog

The small business capital gains tax (CGT) concessions can provide major tax savings when selling a business if all the relevant...

FBT treatment of car benefits during COVID-19 The ATO has issued a fact sheet that provides guidance to employers for determining the...

The 2020-21 Federal Budget is primarily focused on job creation as part of Federal Government’s COVID-19 economic response and recovery...

Often business owners are dealing with problems that they perceive to be important and urgent. They are trying to get a commercial deal...

Prior to the COVID-19 pandemic, many business owners may have thought they were well prepared for any disasters, only to be proven wrong,...

The Government announced on 21 July 2020 that due to the ongoing COVID-19 crisis, the JobKeeper Payment scheme will be extended by six...

The current crisis has made it important for businesses to have an understanding of the various cash flow and profit drivers that impact...

On 22 March 2020, the federal Government announced the following temporary changes to existing insolvency laws in order to provide relief...

As the 2019-20 financial year has just drawn to a close, business owners should now be focusing on their end of financial year tax...

Temporary Early Release The Government is allowing individuals affected by the COVID-19 pandemic to access up to $10,000.00 of their...

The current climate is a challenging one. If you are fortunate enough to have been able to hold onto your business during this period,...

With COVID-19 having an impact on most businesses and investors, tax planning is more important than ever this year. Below are some...

The due date for lodgement and payment of the 2020 fringe benefits tax (FBT) return has been extended to 25 June 2020 for all employers....

One of the best tax breaks for small to medium sized business is the instant asset write-off, which is a great way for businesses to...

At some stage of any business owner’s lifecycle, the idea of expanding the business will come to mind - The owner may be looking for...

Small businesses need to have a plan to deal with the continued fallout from the virus which includes a drop in customer and sales...

The Federal Government has announced (as part of the Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist...

As the situation around coronavirus (COVID-19) continues to evolve, Woodward & Co. Accountants and Advisors are available to assist you...

The answer as with most tax matters is - it depends! Property seminar costs (and related costs) are deductible where the seminar deals...

Commercial and residential rental property owners may be able to claim a deduction for expenditure on environmental protection activities...