Hiring a Contractor? Your worker may be an employee!

Contractor or Employee? The only way to get to the right answer is to ask the right questions:

Ability to subcontract/delegate: can they pay someone else to do the work?
Basis of payment: are they paid based on an agreed quote they provided?
Equipment, tools and other assets: do they provide their own tools and […]

November 12th, 2019|Accounting, Business Advice, News, Tax|

Income tax returns for influencers & bloggers

With the rise of social media in the last decade, comes a new type of career: blogging. Bloggers, or influencer’s as they are commonly known, are people who use social media platforms to promote products or services, using their ‘influence’ and like-ability to persuade the purchasing behaviours of their followers and communities.

For some, this is […]

July 16th, 2019|Accounting, Business Advice, Tax|

Small Business News Bulletin

On the 21st of May 2019, the Australian Taxation Office (ATO) announced an extension to the instant asset write-off threshold.

The threshold has been increased to $30,000, and has also been extended to 30 June 2020. The instant asset write-off was also expanded and now includes those businesses with an annual turnover from $10 million to […]

June 25th, 2019|Accounting, Business Advice, Planning|
  • Not-for-profit handover checklist

Not-for-profit administrator’s handover checklist

Handover checklist for not-for-profit administrators
What happens when your not-for-profit organisation’s treasurer leaves? How does the incoming Treasurer know what to do? Here’s a handy checklist to help!

This ATO checklist is for use when your organisation is:

not-for-profit, and
changing the administrator of its tax affairs – for example a treasurer, office bearer or employee involved […]

February 27th, 2019|Accounting, Bookkeeping, Planning|

New Year, Fresh Start – Getting Tax Sorted

Happy New Year!  It’s a brand new year and a fresh start.

If you have outstanding tax from 2018 or earlier, let’s get your tax and bookkeeping sorted now so you can start the year on the right foot.

Yes, we are still accepting new clients.  Call now.

January 8th, 2019|Accounting, News, Tax|

Merry Christmas – Holiday Hours

From everyone at Taxation and Business Consultants, we wish you a very merry, safe and peaceful Christmas and holiday season!

We’ll be closing at 12 midday this Thursday 20th December, and re-opening Monday 7th January 2019. See you in the New Year!

December 20th, 2018|Accounting, News|
  • Testimonials

Small Business Motor Vehicle Expenses Fact Sheet – Get yours now!

The Australian Taxation Office (ATO) has released a motor vehicle expense fact sheet for the use of small businesses, to answer common questions about:

types of motor vehicle expenses taxpayers can claim
methods taxpayers can use to calculate their claim
private use of a business car
whether a taxpayer’s vehicle is considered to be a […]

November 26th, 2018|Accounting, News, Tax|
  • car_tax_threshold_2018

Driving passengers for a fare? Read these tips before you start!

If you’re going to drive passengers for a fare, get familiar with your tax obligations before you start.

Did you know, “ride-sourcing is treated the same as taxi travel for GST purposes, so you’ll need to get an ABN and register for GST, regardless of how much you earn.” Source, Australian Taxation Office (ATO)

You can apply […]

November 20th, 2018|Accounting, News, Tax|