by Peter Ristevski | May 18, 2025 | Business, EOFY, Small Business, Small Business Tips, Tax Planning
As the 2024/2025 financial year draws to a close, small business owners have a valuable opportunity to reduce their tax liability, improve their cash flow, and ensure full compliance with Australian tax regulations. By undertaking tax planning early and...
by Peter Ristevski | Jun 6, 2024 | EOFY, Tax & Accounting, Tax Deductions, Tax Planning, Tax Tips
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. OPPORTUNITIES Take Advantage of 1 July 2024 Tax Cuts: Maximize the benefit of the upcoming tax cuts by...
by Peter Ristevski | Jun 6, 2024 | EOFY, Tax & Accounting, Tax Deductions, Tax Planning, Tax Tips
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. OPPORTUNITIES Bonus Deductions Small businesses can take advantage of several bonus deductions in 2023-24,...
by Investment Plus Accounting Group | Jul 11, 2023 | EOFY, Government Grants, Government Support, Superannuation, Tax & Accounting
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. From an increase in the national minimum wage...
by Investment Plus Accounting Group | Jun 29, 2023 | ATO, EOFY, How To, Income Tax, Tax & Accounting, Tax Deductions, Tax Refunds
Its Tax Time again and as you prepare for lodging your return we want to ensure why you need to understand the importance of lodging your returns and fulfilling your tax obligations. Lodging an income tax return is an important financial responsibility for individuals...
by Investment Plus Accounting Group | May 29, 2023 | ATO, EOFY, How To, Income Tax, Tax & Accounting, Tax Deductions, Tax Refunds
Now’s the time to review what strategies you can use to minimise your tax before 30 June 2023. HOME OFFICE EXPENSES If you have been working from home, you may have expenses you can claim a tax deduction for. The ATO allows you to claim using a “Revised Fixed...
