Tax Season Tips for Small Business Owners

Preparing for tax season is really a year-round task. The first tip is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, everything you need is all in…  Read more

Cars and Tax

The following car threshold amounts apply from 1 July 2017; Income Tax There’s an upper limit on the cost you use to calculate the depreciation for the use of your car or station wagon (including four-wheel drives) for…  Read more

2017 Tax Tip #4 – Claim Depreciation

Assets costing below $300 that are used to generate income can be immediately deducted. These assets may include tools for tradespeople, calculators, briefcases, computer equipment and technical books purchased by an employee, or minor items of plant purchased…  Read more

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