by Camden Professionals | Dec 9, 2022 | Small Business, Small Business Tax Deductions, Working From Home
On Thursday 3 November 2022, the ATO announced draft changes to the work from home expense claim methods. Note: The draft Practical compliance guideline (PCG) released, outlines a new method called the revised fixed rate method for claiming a deduction for working...
by Camden Professionals | Dec 9, 2022 | Fringe Benefits Tax (FBT), Interest Rates, Small Business, Tax & Accounting
As we are 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...
by Camden Professionals | Nov 24, 2022 | Business, Small Business
Starting a new business can be not only be daunting, it can also be very confusing. If you’re investigating the different types of business structures, you may find yourself in one of two situations: You’re starting a new business and need guidance on the best way to...
by Camden Professionals | Nov 13, 2022 | Business, GST, Income Tax Returns, Small Business
Do you earn extra income as a Uber driver or AirTasker? The gig economy in Australia is booming, especially after the last 2 years of COVID-19 impacted businesses. But don’t forget the ATO! Common gig economy services in Australia include: Ride sharing services –...
by Camden Professionals | Nov 13, 2022 | Record Keeping, Small Business, Small Business Tips
Most people associate record keeping with tax time but having a good record keeping system in place can also help you monitor the health of your business. Record keeping can give you a more accurate picture of your business to help you understand how you are doing and...
by Camden Professionals | Sep 29, 2022 | Capital Gains Tax (CGT), Small Business, Small Business Tips
The small business capital gains tax (CGT) concessions allow you to reduce, disregard or defer some or all of a capital gain from an active asset used in a small business. The concessions are available when you dispose of an active asset and meet eligibility...
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