What can I claim on my tax?

A business owners and tax payer's guide One of the most common questions we answer around tax time is "can I claim this on my tax". If the answer is a no, then it's "why not?" So I thought I'd take the time to clear some questions for those who don't already know the...

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4 benefits of online accounting

A recent study by the Australian Bureau of Statistics shows that 1 in 7 (roughly 14%) of small and medium sized businesses aren't yet using basic IT for their day-to-day accounting processes. And we think it's probably a bit higher - maybe one in four or five (20-25%)...

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Knowing your numbers

Why it's critical for your business
 It can be really daunting getting your head around your business' financials, especially if you're just starting-up. But there's really no need to worry - unless you're ignoring your numbers! Ignorance isn't bliss - more so as far...

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Sham Contracting – are you at risk?

Watch out small business owners - we've got another crack down targeting small business to add to the ATO's hit list that we wrote about previously - 'sham' contracting. A NSW transport business has recently been handed a record fine of $286,704 for engaging in sham...

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The 2013-14 ATO hit list

Happy new financial year! With the start of 2013-14 tax year the ATO is under even more pressure from the government to boost revenue. So, the ATO is planning on taking "firm action" against people who they see as 'cheating' the system. But the good news is, the...

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