Bonus deductions, super, and trusts: 20 EOFY tax tips for small business
SmartCompany asked experts from across the accounting field about how small businesses should optimise their tax return this year.
Five tips to help small businesses weather the “perfect financial storm” this EOFY
While none of us can control the economy, there are a range of small but effective measures that small business owners can take to improve or safeguard their cash flow and weather the storm.
A money coach shares 11 EOFY tips for small business owners
This EOFY checklist may help you meet your legal obligations and help your small business get ready for the upcoming tax season.
EOFY checklist for SMEs: The overlooked tax deductions you need to know
This easy checklist for business leaders has you covered, from commonly overlooked deductions to simple tips and more.
Small business deductions worth $1.55 billion appear in the 2023 tax return but are yet to pass into law
Australian lawmakers only have a handful of days to enact $1.55 billion in 'bonus' tax deductions before the new financial year begins, leading the tax office to provide new guidance to small businesses banking on those kickbacks for their 2022-2023 tax return.
Become end-of-financial-year ready with these five strategies
Take the time to plan, strategise, and despite the challenges of uncertainty, lay a strong foundation for the year ahead.
No hiding the side hustle: ATO launches new ad campaign to boost business income tax compliance
As Australian workers hurtle towards the end of financial year, the ATO is reminding new side hustlers not to overlook business income on their tax return.
Working from home? The ATO has revealed new ‘fixed rate’ tax deductions, and stronger record-keeping rules
Australians who work from home and want to simplify their tax returns will soon need to record each hour they complete outside the office or worksite.
The best ways to reinvest your tax refund this EOFY
As we race towards June 30, all thoughts start turning to tax refunds and deductions.
EOFY changes: How they will impact your business
With a new financial year on the horizon, there’s a number of changes that business owners will need to be aware of in order to stay compliant. From superannuation contributions to a rising minimum wage, here’s what you need to know for the 2022–23 financial year.
Three tips to get ahead in business during EOFY
For businesses, the end of financial year (EOFY) can seem a little like high school exams: you’ve had all year to prepare, and yet as the deadline approaches, you realise how much more work there is to do. Tax obligations, deductions, superannuation payments and sorting through records can be enough to stress out even the best of us, but it doesn’t have to be difficult.
Three things business owners can do to set themselves up for success in the new financial year
There are a few simple and practical things business owners can do to sail rather than saunter into the new year, and they're not about tax.
