Running a small business in Australia is rewarding, but it also comes with responsibilities— especially during tax season. Whether you’re preparing for the EOFY (End of Financial Year) or navigating changes in tax legislation, tax planning is critical to reducing liabilities and deductions and staying compliant with Australian tax laws. Planning ahead doesn’t just save […]
What You Need to Know About Fringe Benefit Tax in Relation to Christmas Party Costs
December is that time when many businesses wind down and culminate the year. It’s a month we all look forward to as we get to spend time in a social setting without the busyness of work humming away. Across small- and medium-sized enterprises in Australia, providing Christmas parties and gifts to both clients and staff […]
Why Work with a Tax Agent in Sydney When Claiming Tax Deductions
Many Australians have a misconception on what tax deductions are. Whenever the time for claiming tax deduction comes, most of you find yourselves scratching your heads in confusion. You expected your $8,000 tax to be deducted by $400 from the work uniform that you purchased just last year, and yet you still have to pay […]
Why You Should Choose the Right Business Structure and Save on Taxes
Establishing your own business is just the first step. Being in business means you also have to find creative and innovative ways to develop products, enhance your productivity, refine your services, and more. Another side to this immense establishment is to be familiar of the legal repercussions involved in operating your business. One of the […]