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Finance | Business tax tips
Dealing with business tax and understanding tax minimisation is a crucial part of running any small business. Tax time seems to come around very quickly each year, so it is wise not to leave everything until the last minute!
This section provides plenty of business tax help, including how to reduce tax by maximising tax deductions, donations and other tax deductions, the differences between legal control and beneficial ownership as well as the benefits of do-it-yourself superannuation.
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Tax invoices too taxing?
06 Aug 11Michael QuinnTax invoices are an inevitable part of doing business in Australia, but many business owners aren’t clear about what needs to be listed on them to ensure they’re valid. Read more
Comments: 0Tax time tips
25 Jun 11Richard StewartWhen it comes to the end of the financial year, you need to make the most of any tax benefits, and to do what you can to minimise your tax liability for the current year. Here are some useful tax time tips. Read more
Comments: 0Capital gains tax (CGT) FAQs
01 Jun 11Michael QuinnConfused about capital gains tax (CGT)? You’re not alone – it’s an area of taxation many people find hard to come to grips with. This overview should help. Read more
Comments: 2Tax compliance and the micro business sector
03 Dec 10Richard StewartThere are 2.7 million micro businesses in Australia, collectively accounting for nearly two-thirds of the country’s tax debt at any one point in time, so tax compliance is an important issue for the micro business sector. Read more
Comments: 1Should you register for GST?
04 Jun 10Heather SmithOne of the first decisions to be made when starting a new business is whether you should register for GST. Here I’ll discuss the key issues you need to consider. Read more
Comments: 14Who is preparing your business activity statement (BAS)?
21 May 10Ingrid LouiseIf you pay someone to complete your business activity statement (BAS), or if you provide such a service yourself, you may be affected by recent legislative changes. Read more
Comments: 11GST for small business
08 Apr 10Ingrid LouiseIf GST causes you stress, here are some simple concepts you need to understand, and some strategies for bringing GST for small business under control. Read more
Comments: 7Beneficial ownership: Saving through the other deductible rule
19 Nov 06Tony MelvinThe Other Deductible Rule can save you time and money by allowing you to pay for expenses directly from your business' earnings. This article discusses the differences between legal control and beneficial ownership. Read more
Comments: 7Donations and other tax deductions
08 Jun 06Jeremy BrittonIf you’re thinking about your taxes for this financial year, t's not too late to save on tax by spending on tax deductible items. Here are some suggestions about donations and other tax deductions. Read more
Comments: 3DIY Super: The benefits of do-it-yourself superannuation
09 May 06Jeremy BrittonIf you have ever wanted to take control of your financial destiny, do-it-yourself superannation (DIY super) is perhaps one of the best ways to do it. Read more
Comments: 18Reducing tax by maximising tax deductions
13 Apr 06Tony MelvinAll soloists want to learn how to minimise their tax obligations and maximise tax deductions. This article helps you grasp the fundamentals of reducing your tax via legitimate deductions. Read more
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Small Business is Australia's fastest growing sector – this business community site was created for those running a small business of one to five people. Here the solo and micro business owner will find small business forums, a small business directory, free resources, help, tips and advice on: starting a small business; working smarter when working from home; effective small business marketing; small business networking; the solo psyche; staying balanced as a small business owner; small business technology advice and small business finance tips.
