by Investment Plus Accounting Group | May 31, 2025 | Business, EOFY, Small Business, Small Business Tips, Tax Planning
The Instant Asset Write-Off is a powerful tax incentive that allows eligible small businesses to immediately deduct the full cost of qualifying business assets, rather than depreciating them over several years. This can lead to significant tax savings and improved...
by Investment Plus Accounting Group | May 31, 2025 | ATO, EOFY
As the 2025 End of Financial Year (EOFY) approaches, the Australian Taxation Office (ATO) is set to release its annual Tax Time hitlist, outlining key focus areas for audits and compliance checks. This list serves as a reminder for taxpayers to ensure accuracy and...
by Investment Plus Accounting Group | Apr 30, 2025 | Business, Company, Sole Trader, Structures, Tax & Accounting
Choosing the right business structure—sole trader vs company—is a key decision that affects tax obligations, legal liability, administrative workload, and growth potential. While many businesses start as sole traders due to simplicity, increasing income and risk...
by Investment Plus Accounting Group | Apr 30, 2025 | Airbnb, Tax & Accounting, Tax Deductions, Tax Planning
In Australia’s booming sharing economy, platforms like Airbnb have created opportunities for homeowners to earn extra income by renting out a spare room or their entire property. But with income comes responsibility—and understanding the tax obligations is crucial to...
by Investment Plus Accounting Group | Apr 30, 2025 | Business, Pay Day Super, STP, Superannuation
A significant shift is coming to the way superannuation is paid in Australia. Under the proposed “Payday Super” reforms from the federal Labor government, employers will be required to make superannuation contributions within seven calendar days of each payday,...
