Business planning is a key element to success. Businesses with a formal business plan perform far better than those that don’t, and with good reason. If you know where you want to get to you, there is far more chance of getting there.
It’s 2022 fringe benefits tax (FBT) time! In this article we outline some of the things you need to be aware of to help you lodge.
The ATO have advised that you need to check your donation receipts and paperwork thoroughly before claiming deductible contributions on your tax return.
Pat Mannix talks about Working From Home Expense Claims. What are the ATO rules on this? What home office expenses can I claim on my tax return? What are my options? Pat answers all of these questions in this informative short video.
Find out what’s for you in the latest Federal Budget release. Check out this informative short video with the hot topics for small businesses, self-funded retirees and everyday Aussies.
Pat Mannix talks about Temporary Full Expensing (TFE). What is TFE? What assets can I write-off? What date do you need to apply by? Pat answers all of these questions in this informative short video.
Pat Mannix talks about Director Identification Numbers (DIN). What is a DIN? Why do the directors of Australian companies need one? What date do you need to apply by? Pat answers all of these questions in this informative short video.
As a business owner it’s crucial that you keep track of your finances. You don’t need to be an expert on all the reporting if you have a bookkeeper who assists you, but you do need to keep an eye on two key reports to know that you have control of your company’s financial health.
Pat Mannix talks about the distribution and tax changes that occur within a Family Trust once a child is over 18 years old. Check out this informative short video.
A reminder has been released from the Australian Taxation Office to advise that there is help available for those who are currently not up to date with their payment and lodgment obligations.
Temporary full expensing (‘TFE’) provides support for businesses, and it encourages investments. Is your business eligible to claim an immediate tax deduction for the cost of an asset this financial year? Let’s look at the impacts of the Temporary Full Expensing rules for small to medium enterprises.
The folks at Flying Solo sat down with the Founder of Cotchy, Pat Mannix to get the lowdown on Cotchy – the fantastic platform that specialises in servicing the bookkeeping and accounting needs of all small businesses.
