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Archive for category: Tax

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The Little Disaster – Structure for Success

Having the right structure can be the key difference for financial independence. Regardless of whether you are running your business or selling it, structure is everything. The New Financial Year is a great time to be looking at your business structure. The small business tax laws in Australia are very flexible and give businesses a chance to restructure and get themselves right.

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The Little Disaster – Structure for Success
( Posted in: Tax )

Increased flexibility for Parental Leave Pay for self-employed

From 1 July 2020, parents accessing the Government’s parental leave pay (PPL) scheme will have greater flexibility and options.  Targeting the self-employed and small business owners, the changes introduce a new flexible paid parental leave pay period of 30 days. Previously, new parents could apply for PPL for a continuous block of up to 18 weeks.

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Increased flexibility for Parental Leave Pay for self-employed
( Posted in: Tax )

Company Tax Rate Reduction – 1 July 2020

The company tax rate is set to reduce to 26% for small and medium business from 1 July 2020 despite the current economic environment.

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Company Tax Rate Reduction – 1 July 2020
( Posted in: Tax )

Business owners now personally liable for GST compliance

From the start of April 2020, the tax office will be deeming directors as entirely liable for their company’s GST responsibilities.

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Business owners now personally liable for GST compliance
( Posted in: Tax )

What types of insurance should a business have?

Insurance often seems like an enormous waste of money… until you need the cover.

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What types of insurance should a business have?
( Posted in: Tax )

How to know if your worker is an employee or a contractor.

Determining whether your worker is an employee or a contractor can often be a challenging task.

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How to know if your worker is an employee or a contractor.
( Posted in: Tax )

What business structure is best for cryptocurrency investors?

After deciding to invest in cryptocurrencies, you will need to make a choice of which structure you would like to invest or do business in.

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What business structure is best for cryptocurrency investors?
( Posted in: Tax )

How Much Can You Claim On Your 2019 Return?

The ATO have sophisticated data matching tools which allow to identify any out-of-the-ordinary or ‘too high’ claims. 

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How Much Can You Claim On Your 2019 Return?
( Posted in: Tax )