Employees who work from home can claim limited deductions against their personal tax for some expenses incurred at home. The ATO has just changed how you calculate and support those deductions. In short, from now on you must have evidence of your expenses and hours worked from home, even for the fixed rate method.
Recent ATO guidance expands the Unrelated Client test for PSI and tax. Just having a social media presence won’t avoid PSI issues.
When inflation hits your profits, all businesses need to review their costs, their prices and the structure of their business, or risk going backwards.
If you have profit or investment income, the ATO may require you to pay quarterly PAYG Instalments based on the previous year. If conditions change, you can vary PAYG Instalments. Here’s how.
We know we talk jargon. For some people all the taxes that start with PAYG merge into one. Here’s an intro to all the Australian PAYGs.
The Federal Budget announced on Tuesday night was the second for 2022, and represents the new Government drawing a line under the previous government’s policies. The Budget itself did not present many substantial reforms or initiatives.
A virtual CFO can turn your unusable financial numbers into insights that help you manage your business better.
If you were a Director before 31 October 2021, you have until 30 November to apply for your Director ID. Time’s running out. And if you’re becoming a Director, you need an ID before you’re appointed.
We know we talk jargon. Here’s how to understand everything about the term profit, and use it to make your business better.
If you don’t know your numbers, you’re living dangerously. With the right systems and a vCFO, you always know where you are.
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