The right way to claim a tax loss

By Roger 12 October 2021Business, Can and Cannot, Company, Deductions, Expenses, income, Loss, Record-Keeping, Tax Loss, Tax Tips

Generally, you make a tax loss when your business expenses are more than your income. If you make a tax loss, you may be able to: claim it in the…

Use your home as your main place of business

By Roger 11 October 2021Bookkeeping, Business, Home business, Home Office, WFH, Work from Home

If you’re a sole trader or operate your business as a partnership, you may be able to claim some running expenses if your home is your main place of…

Small businesses – Temporary full expensing & Loss carry back

By Roger 10 October 2021Business, Company, LCB, SME, Tax Tips, TFE

Are you a small business? Temporary full expensing & Loss carry back You may be eligible for temporary full expensing if you are one of the following: a business with…

Paid contractors? Don’t forget your TPAR – due on 28 August

By Roger 8 October 2021Bookkeeping, building, Business, cleaning, Company, construction, Contractor, Highlights, information technology, subcontractor, Tax Tips, Taxable payments annual report, TPAR

What is TPAR If you have contracted out more services in the past year. This could mean you need to lodge a Taxable payments annual report (TPAR) for the first time. TPARs…