August 2023 Newsletter
The Importance of Effective Branding for Small Businesses
From a recognisable logo to a catchy slogan, a small business’ identity is often defined by their branding. Branding plays a crucial role...
Paying contractors? Get ready for your TPAR
Businesses that make payments to contractors may need to report these payments and lodge a taxable payments annual report (TPAR)...
Instant asset write-off: is your business eligible?
Remember temporary expensing, which allowed just about every business (unless annual turnover was at least $5 billion) to immediately write off the...
ATO motor vehicle data matching program extended
The ATO has extended its motor vehicles data matching program once again to encompass the 2022–2023 to 2024–2025 financial years...
Using the cents per kilometre method for claiming car expenses
The cents per kilometre method is a simple way to work out how much you can deduct for car-related work or business expenses...
Beware SMSF schemes: residential property purchase
The ATO has warned taxpayers against entering into a scheme through their self managed superannuation fund (SMSF) which claims to allow individuals...