by Investment Plus Accounting Group | Jun 12, 2025 | Business, EOFY, Small Business, Small Business Tips, Tax Planning
As the 2025–26 financial year begins, many small and medium-sized business owners in Australia are re-evaluating their structures and strategies in response to economic uncertainty, rising costs, and tighter margins. If your business is experiencing financial strain...
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 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 Investment Plus Accounting Group | Apr 30, 2025 | ATO, Company car, Small Business, Tax Tips
Buying a car for business use can offer valuable tax deductions—but it’s not always straightforward. Understanding the rules around vehicle tax write-offs, depreciation, and GST is crucial to ensure compliance and maximise your savings. What Is a Business Car Tax...
by Investment Plus Accounting Group | Apr 6, 2025 | ATO, Small Business, Work from Home
The Australian Taxation Office (ATO) has quietly increased the fixed-rate deduction for people working from home. From 1 July 2024, taxpayers can now claim 70 cents per hour worked from home—up from the previous rate of 67 cents. This change will apply when lodging...
by Investment Plus Accounting Group | Apr 6, 2025 | Business, GST, Small Business
As a small business owner, getting your GST right is crucial. However, mistakes can happen, even to the most diligent among us. If you discover that you’ve incorrectly charged GST on a sale, don’t worry—there are steps you can take to correct the mistake. How This...
