This next-gen solution to an age-old problem could do away with the problem of shoebox bookkeeping for good. Introducing MYOB Capture for Essentials.
End of financial year (EOFY) is a stressful time for small business owners and their tax agents alike. Make things easier for you and your accountant by taking up the following four habits.
The end of the financial year is right around the corner. For small business owners, that means it’s time to think about taxes and how to get the most from your tax return. Here are the top five tax deductions saving small business owners most this year.
Turbo-charge your trades business this End of Financial Year with these simple tips and tools so you can save both hours and dollars in what can be the most painful time of year, writes Amanda Gascoigne.
You don’t have to spend big on your hospitality business to generate significant tax deductions this EOFY, writes Renae Smith.
With just under two months until the EOFY, SMEs around Australia are starting to get all their ducks in row in preparation for tax time. Here are some things they’re doing this year and the reasons behind them.
If you run a business that makes payments to contractors, you’ll want to stay ahead of changes to the Taxable Payments Reporting System (TPRS) no matter what industry you’re in.
An increase in the Instant Asset Write-Off from $25,000 to $30,000, extra funding for export reimbursements and personal tax cuts are the biggest takeaways from this year’s Federal Budget.
Review your expense accounts three weeks prior to submitting your tax to ensure your Profit and Loss statement is accurate in a timely fashion.