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 Peter Ristevski | Mar 24, 2025 | Asset Protection, Small Business, Small Business Tips
As a small business owner, it’s crucial to implement asset protection strategies to safeguard your personal assets in case of business-related lawsuits or debt obligations. When businesses face financial difficulties, creditors often look to seize personal assets as a...
by Investment Plus Accounting Group | Feb 5, 2025 | Business, Business Insurance, Small Business, Small Business Tips, Tax & Accounting
As we head into 2025, it’s crucial to assess whether your business is prepared for the new challenges and risks that lie ahead. With evolving threats like cyber risks, climate change, economic shifts, and business disruptions, having the right insurance coverage is...
by Investment Plus Accounting Group | Feb 5, 2025 | Cashflow, GST, Small Business, Small Business Tips, Tax & Accounting
Managing GST compliance can feel overwhelming, but with the right understanding of your obligations, you can make the process more manageable. The Australian Taxation Office (ATO) is committed to ensuring businesses comply with GST regulations, using advanced tools to...
