by Camden Professionals | Dec 13, 2023 | Business, Fringe Benefits Tax (FBT), Small Business Tips
As we head towards the Xmas party season and end of year business activities, business owners need to consider the tax implications that relate to customer gifts, staff parties and staff end of year gifts. This article looks at some of the tax effective ways you can...
by Camden Professionals | Nov 30, 2023 | Business, Retirement, Succession Planning
Effective businesses recognise the necessity of transparent communication and a well-constructed plan to guarantee ongoing operations. Delegating control to another individual is invariably challenging, a truth applicable not only to personal life but also magnified...
by Camden Professionals | Oct 24, 2023 | Income Tax Returns, Small Business, Small Business Tips, Tax Deductions
If you operate some or all of your business from home, you may be able to claim tax deductions for the business portion of expenses. These may include: occupancy expenses (such as mortgage interest or rent, council rates, land taxes, house insurance premiums) running...
by Camden Professionals | Oct 19, 2023 | Capital Gains Tax (CGT), Small Business, Small Business Tips
The small business CGT concessions allow you to reduce, disregard or defer some or all capital gain from an active asset used in a small business. The 4 small business CGT concessions include the: small business 15-year exemption small business 50% active asset...
by Camden Professionals | Oct 18, 2023 | Capital Gains Tax (CGT), Small Business, Small Business Tips
Did you find working from home during COVID-19 lockdown to be a success? Are you considering giving up your leased commercial business premises to instead run your business from home? This choice may result in the Australian Taxation Office taking a slice of the...
by Camden Professionals | Oct 3, 2023 | Privacy Act, Small Business, Small Business Tips
Around 2.3 million small businesses face new obligations around the handling of personal information after the government said it would remove a current exemption from the Privacy Act. The overhaul would also remove a current policy exemption for businesses with...
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