When you’re starting or growing a business, choosing the right structure is critical—especially when it comes to tax. Two of the most common options are operating as a sole trader or setting up a company. Each structure has its pros and cons, and the best fit depends on your income, risk appetite, and long-term business […]
As the 30 June deadline approaches, now is the perfect time for businesses to get their finances in order and take advantage of key tax planning strategies. Whether you’re a sole trader, company, or trust, proactive year-end planning can help reduce your tax liability, improve cash flow, and ensure compliance with ATO requirements. This guide […]
We are nearing the end of financial year again. Here are some things to consider to reduce the tax bill or defer some of it to next year: Other things to consider before 30 June:
Fringe Benefits Tax (FBT) is a tax that is levied on the non-cash benefits provided to employees in addition to their salary or wages. FBT is a separate tax from income tax and is paid by the employer, not the employee. Here are some reasons why businesses should consider reviewing their fringe benefits: Compliance with […]
By: Ritchie Cruz There are two types of instances where you can claim home offices. One is of you are carrying on your employment duties from home, and the other is where you are actually running a business from home. Carrying on employment duties at home will be discussed below Carrying on Employment duties at […]
