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Key Tax Changes for Australian Business Owners in 2023
Stay informed about critical tax changes affecting Australian businesses in 2023, including the end of temporary full expensing, Super Guarantee Levy increase, and upcoming incentives for small businesses.
Key Tax Changes for Australian Individuals in 2023
Stay informed about key tax changes affecting Australian individuals in 2023, including adjustments to motor vehicle claims, home office expenses, self-education deductions, and private health insurance thresholds.
Mastering Vehicle Logbook Records: A Guide to Maximising Tax Deductions
Learn how to maintain an ATO-compliant vehicle logbook to accurately claim business-related car expenses. Ensure your records meet tax requirements and avoid common pitfalls.
Fringe Benefits Tax: The Overlooked Obligation for Australian Employers.
Understand how Fringe Benefits Tax (FBT) applies to employer-provided motor vehicles in Australia. Learn about calculation methods, exemptions for electric vehicles, and compliance requirements.
FBT: The Forgotten About Tax
Learn about Fringe Benefits Tax (FBT) obligations for Australian employers, common pitfalls, and how to ensure compliance to avoid ATO scrutiny.
Comprehensive Guide to Claiming Work-from-Home Tax Deductions in Australia.
Understand the latest ATO guidelines on claiming work-from-home expenses. Learn about the fixed rate method, actual cost method, eligible deductions, and essential record-keeping requirements to optimize your tax return.
Key Highlights from Australia's October 2022 Federal Budget
Discover key takeaways from Australia's October 2022 Federal Budget, including changes affecting individuals, families, and businesses. Learn about tax offsets, childcare subsidies, paid parental leave, and support for mental health and skills development.
How the ATO Plans to Make Tax 'Just Happen' by 2030
Explore the Australian Taxation Office's plan to automate tax processes by 2030. Learn about leveraging natural systems, sustainable digitalisation, and integrity by design to simplify tax obligations.
Preparing Your Business for the ATO's 'Tax Just Happens' Initiative by 2030
Explore the profound effects of the ATO's 'tax just happens' initiative on Australian businesses. Learn how embracing digital technologies enhances success, improves cash flow, and prepares you for a seamless tax experience by 2030.
Preparing for 2030: The ATO's Digital Transformation Towards Seamless Tax Processes
Explore the ATO's plan for a fully digitalized tax system by 2030, where tax reporting and payments occur simultaneously through technologies like Single Touch Payroll and eInvoicing.
Navigating ATO Payment Plans: What to Do When You Can't Afford Your Tax Bill
Stay informed about the mandatory Single Touch Payroll (STP) Phase 2 reporting requirements effective from 1 January 2022. Learn about key changes, deferral dates for software providers like Xero and MYOB, and steps to ensure your business remains compliant.
Single Touch Payroll Phase 2: Essential Updates and Compliance Deadlines for Australian Businesses
Prepare for Single Touch Payroll (STP) Phase 2, effective from 1 January 2022, introducing enhanced payroll reporting requirements. Ensure compliance by updating employee details, reclassifying pay items, and adjusting leave categories. Stay informed about software provider deferrals and transition timelines to meet the new standards.
Avoid Trademark Pitfalls: A Guide to Naming Your New Australian Business
Learn essential steps for selecting a unique and memorable business name in Australia. Avoid trademark issues and ensure your brand stands out with expert tips from Accounting Heart.
Urgent: Apply for Your Director ID Before the 30 November 2022 Deadline
All Australian company directors must obtain a Director Identification Number (Director ID) by 30 November 2022. Learn how to apply and the consequences of non-compliance.
PAYG Tax Instalments Explained: What Australian Businesses Need to Know
Learn about Pay As You Go (PAYG) tax instalments in Australia, including who needs to pay, payment frequency, calculation methods, and how to manage your obligations effectively.
Identifying and Addressing Cashflow Shortfalls in Australian Businesses
Discover common causes of cashflow shortfalls in Australian businesses, including insufficient startup funds and poor tax management. Learn actionable strategies to manage cashflow effectively and ensure business sustainability.
How to Determine the Right Cashflow for Your Business: A Comprehensive Guide
Explore strategies to assess your business's cashflow requirements. Learn how aligning financial goals with personal values can lead to sustainable success
Claiming Work-Related Travel Expenses: Maximize Your Tax Deductions in Australia
Learn how to claim tax deductions for work-related travel expenses in Australia. Understand eligible expenses, substantiation requirements, and how to differentiate between business and private travel to ensure compliance and maximise your deductions.
Claiming Motor Vehicle Expenses: A Deep Dive into Tax Deductions for Australian Professionals
Learn how to claim tax deductions for work-related motor vehicle expenses in Australia. Understand eligibility criteria, deductible expenses, and the methods for calculating your claims to ensure compliance and maximise your returns.
Understanding the Tax Risks of Mixing Business Funds with Personal Offset Accounts
Discover the tax implications of transferring surplus business cash into personal mortgage offset accounts. Learn how Australian tax laws, specifically Section 109R, address this practice and the potential consequences for business owners.
