Business Basics – Income Tax Return
We’re going to break down the front page of the tax return – what are the components and how do they relate to the information you’ve given us?
Big News!
Parliament has been hard at work, and the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been pushed through and now awaits Royal assent. Here are the highlights and how it may impact your personal situation.
Why we ask questions at tax time
Our purpose is to keep you tax-compliant and put you in the best possible tax position!
Are you prepared for tax time?
Tax season is the perfect opportunity to get ahead! It’s important to take some time to reflect on what’s worked well so far and plan for a future that’s even more successful. Even the smallest change can result in tax savings.
What on earth is your accountant talking about?
Like most business owners, we love it when clients understand what we do and want to know more about our world.
How do I bring a personal vehicle into my business?
Surprisingly, it’s sometimes better if you don’t!
What expenses can I claim for my business?
It’s in every business owner’s best interest to track and claim all of their expenses. After all, the higher your expenses, the lower your profit. That means less tax to pay.
Can my business claim motor vehicle expenses?
Of course! The better question is – how much can be claimed?
