Blogs

WFH Expense claim update: the ATO’s latest guidelines

Now working from home is less essential, the Australian Tax Office has changed the guidelines for claiming expenses.

Different company taxes explained

Income tax isn’t the only tax companies have to pay in Australia. This list will help you be better prepared at tax time.

Collectable debt rates in Australia

According to recent ATO figures, Australia has racked up almost $45 billion in tax debt. Here’s how to avoid tax debt of your own.

Five ways to reduce costs in your business

Need to reduce business costs? These are some of the areas where spending can get out of hand, plus ways to take back control of your budget.

Financial housekeeping jobs for the summer break

Spend a few hours tidying up your finances over the summer break to save time when the new year picks up speed. Here are some tips from a tax accountant.

Latest STP updates in Xero

Is your business up to date with Single Touch Payroll? Here’s what you need to know about the next round of requirements for small business in Australia.

Should you go electric to minimise tax?

Electric cars are becoming more mainstream but is switching to an electric vehicle or fleet the right move for your business in terms of tax deductions?

How tax debt can impact your loan application

Recent changes mean business owners with unpaid tax debt may not be able to take out a home loan. Find out if you may be impacted.

The COVID tax holiday is over

Got a letter from the tax office? It is now taking action to reclaim debt from small businesses. Here’s why the pressure is back on.

Five expenses to make sure you’re paying for through your business account (so you can claim the costs)

These are some tax-deductible expenses that business owners often overlook. Make sure you share them with your accountant.

ATO payment plans explained

How do you arrange a payment plan with the Australian Tax Office and what are the interest
rates involved if you go on a plan like this?

Director penalty notice changes in 2022

If you have tax debt, work with your tax accountant to make sure you avoid being issued with a Director Penalty Notice from the ATO.

2022 Tax Preparation Checklists

Happy EOFY! 2022 Tax Preparation Checklists It’s that time of year again. So that we can get you the best result for your taxes, we have included below, our tax time checklists to assist you in getting all your information together. Individuals Checklist Company, Trust, Partnership Checklist Superannuation Fund Checklist  

How to prepare for your 2022 small business tax return

Once May and June roll around, it’s time to take some last-minute steps to reduce your tax bill for 2021/2022.

Essential tax planning steps for individuals

Get the most out of your personal tax return this year.

Seven benefits of pre-July tax planning

The businesses and individuals who spend May and June preparing for EOFY find things a lot easier after July 1st. They also find they get more from their tax return.

How to avoid a huge tax debt

The only certainties in life are death and taxes, yet many business owners bury their heads in the sand.

Is your work vehicle tax-deductible and what can you claim?

Many of us use vehicles to get around during the work day and unless it’s all paid for by the company, it’s important to keep a record of vehicle expenses so you can claim them at the end of the financial year and reduce your tax bill.

Superannuation changes in 2022

Changes to Australian Superannuation are either on the way or have already been introduced. Some of these can be used to minimise your tax bill in the future.

The difference between a bookkeeper and a tax accountant (and why you need both)

How is a bookkeeper different from an accountant? Take a look at bookkeeper vs accountant and why you need both.

Is your vehicle tax deductible?

Getting the most out of your tax deductions can be difficult. Learn what you can and can’t claim as a vehicle expense in Australia.

Small business grants to investigate in H2 of 2021

Is your business eligible for a grant during COVID or for any other reason in 2021? Take a look at what is available.

What happens if you can’t pay your tax bill

What happens if you can’t pay your tax bill? If your business is having trouble there are several ways to deal with a big tax bill.

How to protect your business from a tax audit

Don’t live in fear of the dreaded tax audit. Learn how your company can avoid the auditors or how to deal with them with less stress if they do appear.

You can’t claim that

Knowing what you claim at tax time and what you can’t make things a lot less confusing. Learn how to avoid making claims that aren’t valid.

Should you take a DIY approach with your taxes?

You can do your own tax return in Australia… but should you? Here’s a detailed answer from a tax accountant in Caboolture.

Construction and trades: what you can claim as a tax deduction

Which purchases are work-related and can be written off when you work as a tradesperson? Find out what you can claim, from a Brisbane business accountant.

Financial new year resolutions for small business owners

If you’re a tradie who is looking for a tax accountant in Brisbane, here’s why you should choose someone who specialises in your industry.

The benefits of using an accountant who specialises in working with tradies

If you’re a tradie who is looking for a tax accountant in Brisbane, here’s why you should choose someone who specialises in your industry.

Is minimising your income always the best strategy?

Find out why you don’t want to shrink your income completely at tax time, from an accountant who specialises in tax returns.

Five last minute things to do before EOFY

Get your small business ready for the end of the financial year with these last-minute tips from a tax accountant to help you minimise your tax bill in 2021.

Understand how depreciation works with negative gearing

Negative gearing is a heavily debated topic throughout the property industry and is often in the headlines at election time. As one of the major drawcards to investing in property, investors must factor it into their ongoing strategy. Before exploring the negative gearing and depreciation relationship, let’s cover the essentials first. What is negative gearing? […]

How to make life easier for your tax accountant (so you get more for your money)

This tax advice blog will show you how to be your tax accountant’s best client and why this will always work in your favour. Does your tax accountant love you or do you suspect they are reluctant to answer the phone when you call? If you’re leaning towards the latter, you could be missing out [...]

Tax time countdown, how to be prepared

Tax time is coming up again; are you ready? Find out how to be prepared for tax time in 2021 and about the benefits of using a specialist tax account. The financial new year seems to roll around faster every year. And just as we do on January 1st, every July 1st sees us resolving [...]

How the government decides who to audit

Tax accountant services in Brisbane are there for you should you get audited. But how does the ATO decide who to audit? Read on to learn more. If you find yourself or your business slapped with an audit you will probably be in dire need of tax accountant services. Every Brisbane business and individual is [...]

Tax time isn’t final

Your tax return isn’t final. By amending previous tax returns and using a good business accounting service, you may be able to claim far more than you thought. If you have done your own taxes in the past, you may have made a mistake and paid too much tax. The good news is that with [...]

Five tax deductions you may have missed last year

This financial year, there have been some changes to the tax deductions you can claim due to COVID. Read on to learn more from an experienced Sunshine Coast accountant. The federal government made some changes to what you can claim during COVID so you may be able to look forward to a lower tax bill [...]

How to catch up if you haven’t filed your taxes

If you are late to file your tax return, the problem can be sorted out faster with the help of a tax professional. Find out more from a tax accountant in Brisbane. Lots of small business owners and individuals either forget about or don’t get around to lodging their taxes for years. When things start [...]

Why you need a tax accountant

Want more money and less stress? A tax accountant can play a big role in helping you have both. While it’s possible to manage your finances and lodge your tax online, there are some big reasons to hand the responsibility to someone else, especially if you’re a small business owner. These are some of the [...]

Five tax time no-nos for small business owners

At our accounting firm, we have seen it all. If you’re worried because you haven’t lodged your taxes in a while or because your bookkeeping isn’t up to scratch, you can rest assured we have definitely seen worse! One of the areas we specialise in is helping small businesses to get back on track when [...]

Five ways to pay less tax

Every dollar counts when you own a small business so if you’re wondering how to pay less tax, take a look at the following tips from a leading small business accountant. How to pay less tax Keep good records and separate bank accounts It may be tempting to pay for something work-related using your own [...]

Good vs great: How to pick a tax accountant

As a small business owner who is based in Sunshine Coast, Caboolture, Brisbane or surrounding areas, you will no doubt realise fairly quickly that it makes sense to have a good tax accounting. And while there are plenty of them around, it can be hard to figure out how to pick a tax accountant who [...]

Top tax tips for small business owners in Queensland

Tax time rolls around each year whether you like it or not. As a small business owner, it can feel overwhelming, however it is possible to establish a routine and set of best practices that make lodging your tax return a more manageable experience. Take a look at some tax tips for small business owners [...]

What happens if I don’t lodge a tax return?

Sometimes life gets busy and taking care of financial matters falls by the wayside. However, no matter what is going on, it is still a legal requirement to lodge a tax return in Australia. This article will take a quick look at what you need to do to lodge a tax return and answers the [...]