Tax
CategoryFuel tax credits for businesses
The government provides fuel tax credits for businesses with a credit for the fuel tax (excise or customs) that is included in the price o..
Lodging your business activity statement
Businesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting and paymen..
What do tax audits involve?
Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a..
How to reduce the tax you pay
There are various potential ways you can reduce the tax you pay. You may be entitled to tax deductions, offsets or you may choose to opt f..
What record-keeping requirements does the ATO have in place?
Record-keeping, if done well, can help running a business much easier. It gives you an overview of the business’ financial progress so tha..
Tax contributions on your super
How much tax you pay on your super contributions and withdrawals depends on a variety of factors. The process takes into account your tota..
Small business CGT concessions
Businesses receive four different types of concessions on top of CGT exemptions and rollovers which are available to everyone. These allow..
Claiming your tax deductions
There are different types of deductions that individuals can claim to reduce their taxable income.
Work-related expenses
In order to clai..
How are investments taxed?
Investment income needs to be included when conducting tax returns. This includes any income acquired through interest, dividends, rent, m..
PAYG instalments for business and investment income
Pay as you go (PAYG) instalments are payments you can make throughout the year to avoid accumulating a large tax bill to pay at the end of..