Tax Time is here. When you're finalizing your annual tax return, make sure you take advantage of all the deductions that you can claim. Being an accounting firm we see alot of forgotten tax deductions and these can have a huge impact on your return especially for small to medium businesses. The more you claim the more money left in your pocket. Here are a few most commonly missed business deductions. The Home Office Deduction If you work at home using a home office which is

This post is for anyone who is self employed, freelancers, contractors, own your own business.The ATO gives you a few options to pay for you

5 Tax Mistakes That Could Get You Audited Tax Time is the most stressful time of the year. Having to get everything sorted, and itemized before the deadline can cause alot of headaches. The last thing you want is to be audited by the ATO. Even though the chances of being audited may be low , but there is still a possibility that taxpayers should be aware of. Especially when the ATO becomes more vigilant every year. This year, the ATO released a warning of audits for up to o

Capital Gains Tax can be a large and unexpected expense when you sell an investment property, especially if you have bought and sold well an

What is a Statutory Demand? A statutory demand is a document/ letter that a creditor can issue to a debtor company also known as the "Borrower" to pay its debt within 21 days. It’s a written request for their debt to be paid that’s structured in accordance with Section 459E of The Corporations Act 2001 (Corporations Act). If the Debtor fails to pay the debt or come to a suitable arrangement or make an application to set it aside within that time period then the company is pre