Jun 6, 2023 | 2023, Small Business, Taxation
As the current financial year draws to a close, it is time for businesses to consider thevarious tax planning options and strategies available to them. Below are examples of tax saving strategies available to small businesses: Temporary full expensing Temporary full...
May 15, 2023 | Budget 23/24, Self Managed Super Funds, Small Business, Superannuation, Taxation
What will impact you in the new budget? The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. This budget and the measures within it are designed to reduce the cost of living. The Budget also includes $3 billion to relieve energy bills,...
Apr 28, 2023 | Small Business, Taxation
As the end of the financial year approaches, it’s essential to start thinking about tax planning strategies to minimise your tax burden and maximise your savings. By taking proactive steps to manage your taxes, you can keep more of your hard-earned money and...
Mar 1, 2023 | 2023, Small Business, Taxation, Working From Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
Jun 17, 2022 | Small Business, Taxation
Organising your end-of-financial year documents now means you can get your tax completed earlier and maximise your return. Book a your tax return appointment now and rest easy knowing it’s under control. TSP Accountants are fully qualified and registered tax agents so...
May 30, 2022 | Small Business, Taxation
Common Tax Deductions for Small Business Are you claiming all the business tax deductions that you are entitled to? There are many expenses common to most small business, and there are other expenses that are specific to the nature of the goods or services that your...
