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|

Low and Middle Income Tax Offset- what this means for you

The Australian Government has now passed new law surrounding the Low and Middle Income Tax Offset. This is big news for small and middle income earners, however, there are many incorrect stories being circulated in the news and on the internet. We are here to set the record straight.

First of all, not everyone is entitled […]

July 8th, 2019|News, overdue tax, Tax|

Should I lodge online or find a tax accountant?

With the 2019 financial year weeks away from ending, it is time to start thinking about the dreaded “T” word: TAX.

For many people this can be a confusing and stressful time, the biggest question being: “Should I find a tax accountant, or should I do my tax return myself?”. Whilst it can be tempting to […]

June 18th, 2019|Business Advice, News, overdue tax, Planning, Tax|
  • business owner wellbeing

Business Owners, Stress & Managing Wellbeing

What keeps you awake at night? A recent MYOB Snapshot found small business owners sacrificing their health for work, with 80% of small business owners losing sleep at night.

The research found:

41% of small business owners said they put their health last because they are time poor and focused on the success of their business.

January 23rd, 2019|Bookkeeping, Business Advice, Cloud Accounting, News, 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|

Your Christmas donation may be tax deductible!

If you’re donating to charity this Christmas, if it’s an ATO approved organisation you may be able to claim a deduction!

The ATO advises as follows:

Organisations that are entitled to receive tax deductible gifts are called ‘deductible gift recipients’ (DGRs). You can only claim a tax deduction for gifts or donations to organisations that have a DGR.

Deductions […]

December 17th, 2018|News, Tax|
  • 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|