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.
Let’s look at the basics of BAS. Depending on the size of your business, you will need to complete and lodge a BAS form between one and twelve times a year.
As an Influencer, when you begin to develop a public following and fame, you may also earn income from the use of your image or fame, and you will need to pay tax on everything that can be related to your reputation or appearance. Read on to find out more.
If you’re using your personal car for work purposes, you may eligible to claim the expenses associated to this. Find out about the rules and claiming methods available.
The ATO has advised that inactive Australian Business Number’s may soon be automatically cancelled in a current review. Those who are unsure if their ABN is still active or not should get in touch with their accountant or bookkeeper.
There are certain things in life that blend well and others that absolutely don’t. Personal and business finances are the type of thing that shouldn’t be mixed.
