Posts Tagged:preparing your tax return

Getting Tax Right

It’s tax time again, and over the next few weeks, we will be rolling out our guide to what you can and can’t claim in your Australian 2017 tax return, and tips to lodging your tax on time easy.  In most cases, if you are a simple PAYG with very few deductions and you are…

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Small Business Tax Tips

  Taxes are one of the major concerns facing small, growing businesses. You should always ensure that you meet all the requirements of ATO, and at the same time grab opportunities when you can reduce tax. Note important deadlines Same as with individual tax returns, ATO has also deadlines for submission of businesses’ activity statements,…

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Your Record Keeping Requirements

Requirement by law It is necessary that you have a record keeping system in your business as it is required by law.  The ATO necessitates the keeping of business records: for five years after they are prepared, obtained or the transactions completed (whichever occurs later); and in English, or in a form that the ATO…

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