Small Business Tax Deductions in Australia
For many Australian small business owners, understanding small business tax deductions can be key to a healthier cash flow and a stronger bottom line. These aren't just random discounts; they are legitimate business expenses that can reduce your total taxable income, which may mean you owe less to the Australian Taxation Office (ATO) at the […]
How to Calculate GST Australia: Simple Step-by-Step Guide
To really get your head around calculating GST in Australia, it's helpful to start with the basics. At its core, it's a straightforward 10% tax tacked onto the price of most goods and services. For a business, this means adding GST to your sales invoices and, on the flip side, claiming credits for the GST […]
Understanding Late Tax Return Penalties & How to Avoid Them
Receiving a penalty notice from the Australian Taxation Office (ATO) for a late tax return can be a daunting experience. It may help to understand that these penalties are part of a formal system called 'Failure to Lodge' (FTL), which is the ATO’s way of encouraging everyone to get their paperwork in on time. Think […]
Tax Return Deadline Australia: Your Essential Filing Guide
For most Aussies tackling their own tax return, the big date to remember is 31 October. This is the standard deadline the Australian Taxation Office (ATO) sets after the financial year wraps up on 30 June. Missing this can cause a lot of unnecessary stress and even lead to penalties. Understanding Australia's Key Tax Deadlines […]
