Tax for Small Business

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How to claim tax deductions on client gifts

Giving gifts to clients at the end of the year is always popular and may help you retain high value clients and generate more income for your business. Under Australian Tax Office (ATO) rules, gifts given to a current or former client may be deductible at tax time

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Small business tax resources guidebook

The ATO offers a range of tools and services to make it easier for you to get your tax and superannuation right. We want to help you manage and grow your business and get back on track if you need to. You can also speak

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ATO resources to help you round out 2021

As 2021 is nearing a close, the Australian Tax Office (ATO) have released some helpful resources for small businesses to consider before the end of the year. Five rules to good record keeping Good record keeping can help you run your business better and reduce

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E-invoicing could save SMBs over $40,000 a year, study finds

According to SAP’s new report, “The connected SMB: Embracing digital strategies to fuel growth,” Australian small and medium-sized businesses (SMBs) could save tens of thousands of dollars a year by transitioning to e-invoicing.  The report found that Australian SMBs process an average of 168 invoices each month. With a Deloitte study estimating that e-invoicing could deliver savings of up to $20 per invoice, Australian SMBs could save up to $40,320 a year.    The biggest impact on

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Explaining temporary full expensing for small business

Have you heard about temporary full expensing but are unsure if suitable for your business? This temporary measure introduced by the Australian Government allows businesses to claim an immediate deduction for the full cost of eligible assets. It’s one of several measures and tax incentives

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