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 Peter Ristevski | Jul 2, 2024 | Small Business, Tax & Accounting, Tax Planning, Tax Tips
As the financial year wraps up on June 30, many Australian taxpayers are eager to lodge their tax returns in July, hoping for a quick refund. However, rushing to submit your tax return as soon as possible may not be the best strategy. Here are several reasons why you...
by Peter Ristevski | Jul 2, 2024 | Economic Outlook, Small Business, Tax & Accounting, Tax Planning, Tax Tips
As you may know (especially after a $40 million public education campaign), personal income tax cuts took effect on 1 July 2024. Simultaneously, the superannuation guarantee (SG) rate increased by 0.5% to 11.5%. For employers, it’s crucial to ensure your payroll...
by Peter Ristevski | Jun 20, 2024 | Small Business, Tax & Accounting, Tax Planning, Tax Tips
As 1 July rolls around it’s time to wrap up your financial year. The end of the financial year is fast approaching. Check out last minute tax tips for small business this EOFY So, get organised now, tick tax time off your to do list, and get back to running your...
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,...
