Running a successful trade business isn’t just about delivering quality workmanship—it’s also about maintaining strong financial management. For licensed painters and decorators in Queensland, meeting the Queensland Building and Construction Commission (QBCC) financial requirements is essential to protecting your licence … Read More
Reviewing your personal wealth and finances helps to gain perspective on how you use your money and how wealthy you actually are. It’s also a good exercise in letting go of things you don’t need and thinking about what is … Read More
1. In the ATO’s sights this Tax Time The ATO has announced its three key focus areas for this Tax Time: rental property deductions; work-related expenses; and capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing … Read More
Tax planning is essential to ensure everything is covered when preparing your taxes. It can help you achieve your business goals and objectives, save money on accountant fees, reduce tax liability, and make life easier for you and your accountant! … Read More
All businesses need to be prepared for further expected rises in inflation, interest rates, fuel costs and staff costs, not to mention the effects of what’s happening globally. How that will affect small to medium business will be anyone’s guess. … Read More
Small business entity (‘SBE’) taxpayers who choose to depreciate their assets under the simplified depreciation rules are entitled to an immediate deduction with respect to low-cost assets in the year they are first used or installed ready for use for … Read More