by Camden Professionals | Feb 7, 2024 | Income Tax Returns, Small Business, Small Business Tips, Tax Deductions
If you own a business in Australia, the good news is that many costs related to advertising and promoting your business can be deducted from your taxes. This means you can reduce the amount of tax you have to pay by claiming these expenses on your annual tax return....
by Camden Professionals | Jan 31, 2024 | Employee entitlements, Fair Work Act, Small Business
The federal government recently announced changes aimed at closing loopholes in the Fair Work Act that allow for intentional underpayment of employee wages and entitlements. As an accounting and business advisory firm, we want to help our small to medium business...
by Camden Professionals | Jan 17, 2024 | Cashflow, Economy, How To, Small Business
The start of the new year brings a myriad of changes, influencing various aspects such as the tax rates for many Australians and the amount of superannuation they are entitled to receive. We have put together a list of the major changes that will apply in 2024....
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...
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