Small business benchmarks are a guide to help businesses compare their performance against similar businesses in an industry. The ATO has updated their small business benchmarks and this is a helpful resource that you can use to gain useful insights on how well your business is performing in comparison to the industry average. Benchmarks can Read More…
ATO news July 2014
Monday 7 July, 2014 by
Below are some important new services and advice from the Australian Tax Office. If you wish to discuss any of these further, please contact our office. ATO warning on 2013/14 work-related deductions This tax time the ATO says that, in relation to work-related expenses, it will not be limiting its attention to certain occupations. Instead, particular attention Read More…
Small Business Tax Changes in 2014
Tuesday 24 June, 2014 by
Here are some tax changes in 2014 that will affect Small business owners. Each small business’ circumstance will vary for end of financial year, and to this extent please contact our office for further information. 1. Individual tax rate changes from 1 July 2014 From 1st July 2014, those earning $180,000 and over will be taxed Read More…
