Economic uncertainty is an ongoing worry for any business owner. You can control your own financial management, but you don’t have any direct control over the wider macro-economy. And in the first few years of the 2020s, there have certainly been plenty of tricky ups...

Growth doesn’t need to mean more risk, more hours and more headaches. It may be as simple as identifying where the opportunities for growth are in your business and industry. Once you've done this you can establish what you and your team are going to have to do in...

Announced as part of the 2023–24 Federal budget, increased funding has been provided to the ATO to scrutinise taxpayers who have high-value outstanding debts of over $100,000 and aged debts older than two years where those taxpayers are: public and multinational...

Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the tax-free criteria? Here’s our lowdown on which expenses you can claim against tax. Which business expenses can you claim...

If you are lodging your own quarterly activity statement you needed to lodge and pay by 28 July 2023. If you lodge using our registered agent electronic services you will have until 25 August 2023 to lodge and pay. Have you allocated all bank transactions to the...

Founding, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn't always smooth. There are common challenges that crop up and ongoing issues that need to be factored into your business plan, your...

The start of the new financial year is upon us. For most of you, this means finalising your general ledger accounts in order to get the necessary information to us to prepare your final 2023 accounts and tax returns. However, it can be a time where we forget that our...

Common Tax Deductions for Small Business Are you claiming all the business tax deductions that you are entitled to? There are many expenses common to most small business, and there are other expenses that are specific to the nature of each industry and the goods or...

With the temporary full expensing (TFE) incentive due to end on 30 June 2023, the federal government has announced the reintroduction of the small business instant asset write-off. Businesses with an aggregated turnover of less than $5 billion The TFE rules provide...

There's no escaping the fact that many industries are facing a talent gap. 3 in 4 employers are reporting difficulty finding the talent they need in 2022, according to stats from Manpower. Experienced hires are increasingly hard to find in the current job market,...