Understanding the typical entrepreneurial journey can help female business owners make conscious and strategic decisions about their business.  There is no right or wrong size of business as it’s up to each individual as to how big or small they want their business to be. Solopreneur/Hobby – $0 to $100,000 Often many business owners […]

In labour intensive businesses (i.e. where human capital is more important for generating revenue as opposed to physical assets) it can be difficult to determine your selling capacity. Have you been in the situation where employees are asking for more human resources yet you aren’t making enough money to cover additional wages? How do you […]

  Clients often ask if they can claim their telephone and internet expenses.  The answer is yes, but then I feel I frustrate them as I have to ask a thousand questions to ensure it is claimed correctly.  There’s never a straight-forward answer when it comes to tax law, the answer is always, it depends.  […]

If you are selling a capital gains tax (CGT) asset and expect to make a capital gain, to defer the CGT ensure that the contract of sale is dated after 30 June 2019.  CGT discount is only available if the asset has been held for more than 12 months. If you have a capital gain […]

If you operate a business as a sole trader or partnership (where at least one partner is an individual) you can claim a deduction for the business use.  If the motor vehicle is used for business and private use, you must reduce the claim for any private use. There are two ways to claim work […]

If you work from home you can claim a tax deduction of 52 cents per hour you use the office for work purposes (45 cents per hour for the years prior to 30 June 2018) to cover the cost of electricity, cleaning, lighting etc.  Simply estimate the number of hours worked per week multiply by […]

Single Touch Payroll or also known as STP or one touch payroll will be mandatory for all businesses in Australia from 1 July 2019.   Small businesses only employing family members have a 12 month extension until 1 July 2020.   Otherwise all other businesses in Australia will need to be ready by 1 July […]

The next biggest compliance change for small business since GST is now law. From 1 July 2019, Single Touch Payroll (STP) will be compulsory for all employers in Australia. STP requires employers to report to the ATO their employees’ tax and super information within 24 hours of payment. This will give greater transparency to the […]

The Queensland Government are offering matched funding grants of up to $5,000 to Small Business.  The funding is to engage the services of a consultant, advisor or business coach for up to 3 months to help establish or develop the business. To be eligible, the business must: have a business name registered within the last 4 years have […]

A common question we are often asked is, is entertainment tax deductible? The short answer is no except if provided to staff and Fringe Benefits Tax is paid on the entertainment.  Entertainment provided to clients is never tax deductible. The next question is, what is entertainment? Entertainment is food, drink, recreation and travel and accommodation […]