Business Advice

//Business Advice

June 30 Tax Tips 2018

BUSINESS TIPS. Business Income and Expenses... Consider strategies to defer income until after 30 June or bring expenses forward into June, especially if you expect lower income for next year. Ensure that your tax deductions are allowable: Bad debts must be written off before 30 June Super contributions must be paid before 30 June and [...]

2018 Budget Snapshot

On Tuesday 8 May, the government handed down its Budget for the 2018–19 year, which is likely to be the final Budget before the next federal election. It’s therefore hardly surprising that the Coalition promised to deliver a suite of tax cuts for individuals at various income levels, as well as a range of incentives [...]

New small business stamp duty exemption

You may be exempt from paying stamp duty on some insurances. The NSW Government has created a new small business stamp duty exemption for eligible insurance acquired on or after 1 January 2018. In order to get the benefit of the exemption, you must: be an eligible small business; and, provide a Declaration to your [...]

ATO focus on holiday home rentals

The ATO has recently advised that they are “setting their sights on the large number of mistakes, errors and false claims made by rental property owners who use their own property for personal holidays”.  While it confirms that the private use of holiday homes by friends and family is entirely legitimate, the ATO states that [...]

Single Touch Payroll due 1st July 2018

The ATO is changing the way that you report payroll details. As from the 1st July 2018 the government is phasing in Single Touch Payroll reporting for employers with 20 or more staff. Those currently using Xero, Myob, Quickbooks or Attaché and those on other online payroll software should not have any extra work to [...]