7 Tax Questions when Starting a Business

Posted by Tanya Moran on 14-Sep-2018 16:24:08

Starting a business is an exciting time in your life. There are so many decisions to make and important things to learn, and tax is often the last thing that we want to think about. However, you can get into hot water pretty quickly if you ignore your tax obligations. So here are 7 common tax questions that you need to know if you are starting a business:

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Topics: Azure Group News, claiming tax, Tax professionals, Small Business Accounting, startup accountant, Starting business in Australia, tax obligations

Strange but legitimate Tax Deductions

Posted by Tanya Moran on 03-Aug-2018 08:23:52

 

We know most accountants have a reputation for questioning and sometimes challenging your deductions. But here are a few that you didn’t think you could claim, but are actually legitimate! Just make sure you keep your receipts.

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Topics: Azure Group News, ATO, claiming tax, Tax deductions, lodgment

Key Lodgment Due Dates in 2018/19 Financial Year

Posted by Tanya Moran on 31-Jul-2018 11:13:59

Knowing the important due dates throughout the year can save you time and angst. So we have prepared Key Lodgment Due Dates - Financial Year 2018/2019 in PDF printable for your convenience.

If you would like assistance preparing your lodgments, or have any questions about the below dates, please get in touch with us.

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Topics: Claim tax, claiming tax, SME tax rates, Financial year 2018/19, FY 2018/2019, lodgment, Financial year calendar 2018-19

Claiming Start Up Costs

Posted by Michael Derin on 23-May-2018 07:00:00

Starting a business can be costly. Most of the time there are significant set up costs before you have even started generating an income. So how can you claim costs when you don’t have an income to offset it?

As a general rule capital costs such as the purchase of a business is not claimable, however, the costs associated with maintaining and running a business are tax deductible.

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Topics: Startups, Investor, Business accountants, claiming tax, Startup Australia, Startup investors

Top five money-saving Tax Tips for Small Businesses

Posted by Tanya Moran on 18-May-2018 14:01:00

With small businesses making up at least 96% of Australian businesses we know that many Australian’s are working hard to run their own business. Therefore, where you can get a break to get ahead we want to make sure you can.

Here are our top 5 tips for legally saving some money that you may not have known you were eligible to do.

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Topics: Superannuation, Tax return, Minimising Tax, Asset Write-Off, Australian Taxation Office, claiming tax