Tax for Small Business


Government grants and support for small business

With many small businesses facing high interest rates, inflation and flagging consumer demand, make sure your small business is taking advantage of all the government support available. Grants, loans, rebates and subsidies are available across a range of industries, business types and purposes, including for

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Employee taxes: a small business guide

It’s that time of year again. Learn about the best time to lodge your tax return, what you can and can’t claim and how to start the new financial year on the right foot. The best time to lodge Filling out your tax return gets

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1 July important EOFY changes for small business

New instant asset write-off thresholds, updated tax rules, increased superannuation payments and a rise in the minimum wage are among changes coming into effect on 1 July, says Bruce Billson, the Australian Small Business and Family Enterprise Ombudsman. “It is essential that small business owners

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Tax time tips for small business

Immediate asset write offs and an amnesty for late lodgements are two of the measures that small businesses may want to take advantage of as the end of the financial year approaches or as they plan for 2023-24. The Australian Tax Office has highlighted a

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Tax planning strategies for small businesses

While the end of financial year is fast approaching, there is still time for business owners to be proactive with their tax planning. This can help to maximise returns and reduce liabilities. As part of an effective tax planning strategy, you should consider the following

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WFH Tax changes to affect millions in 2023

The ATO has put out guidance sbout changes to work from home tax deductions, which affect the records millions of Australians need to keep and how much they can claim at tax time. CPA Australia Senior Manager Tax Policy Elinor Kasapidis says: “Millions of Australians

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