Managing my tax requirements

About Me
Managing my tax requirements

I'm a small business owner, and I do all of my own bookkeeping. I'm not very confident with doing paperwork, so I get a tax service to help me out to lodge my tax returns and business activity statements each quarter. Having someone who knows what they are doing look over my tax documentation makes me feel more confident about the way that I am doing my paperwork and is a good way to catch any little errors I am making with the bookkeeping. This blog is all about the best ways to use tax services if you are a small business owner.

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The Importance of Seeking Professional Tax Advice for Your Business

6 September 2023
 Categories: , Blog

In the dynamic and ever-evolving business world, owners and managers shoulder a myriad of important responsibilities. From strategic decision-making to operational efficiency, they navigate through various challenges. One such crucial responsibility is managing taxes, which is often considered complex and demanding due to the ever-changing tax laws and regulations. To ensure compliance and optimize tax strategies, it is highly recommended that businesses seek professional tax advice. By partnering with knowledgeable tax professionals, businesses can gain valuable insights, mitigate risks and maximise their financial outcomes. Read More …

How to Avoid Unwanted Questions After Tax Day

27 May 2019
 Categories: , Blog

In a world that seems to be predictable and even boring, it's nice to stand out from the crowd. Indeed, you may take pride in your individuality and think that it is a strong asset when it comes to both your business and personal life. However, there are times to stand out and there are times to blend into the background, and Tax Day may be one of the latter. If the deadline is approaching and you need to send in that all-important return, why do you need to be careful and make sure that you don't raise any red flags over at the ATO? Read More …

Trust Funds vs. Custodial Accounts – Understanding the Difference

16 October 2017
 Categories: , Blog

There are a number of strategies parents and grandparents can use to pass along the assets they have worked so hard to accumulate. It is important for every family to carefully plan how they will distribute their assets. The passing on of assets to children and others can be a difficult and emotionally charged issue, but it is also an important one. It is vital for parents to honestly assess the financial responsibility of their offspring as well as their monetary needs in order to make the right decision. Read More …

Handling Land Taxes Effectively in the Property Market

21 September 2016
 Categories: , Blog

Australia has seen huge increases in property values compared with ten years ago. Although this has been great for a range of property investors, it has meant that the vexed issue of land taxation has caused an ever greater amount of hassle. In the most recent few years, property in many Australian states has only seen minimal growth overall—and there has even been decline in some areas—but overall people with a portfolio of property investments are paying more tax than a decade ago. Read More …

Property Depreciation: Are You Undervaluing Your Depreciation?

21 September 2016
 Categories: , Blog

Buildings and assets within a property have a finite usable life, and they depreciate or lose their value over time. The tax authority allows property owners to claim this amount of depreciation as a deduction against their taxable income. Property depreciation can offer significant savings; however, many owners do not claim the full amount of depreciation that they are entitled to. How do you know whether you are claiming all the deductions allowable against your taxable income? Read More …