by Camden Professionals | May 29, 2023 | ATO, EOFY, Small Business, Tax & Accounting, Tax Deductions, Tax Refunds
A guide to the strategies you can use to minimise your business tax. IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY? Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small Business Entity”, the business must have an aggregated turnover...
by Camden Professionals | May 29, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Now’s the time to review what strategies you can use to minimise your tax before 30 June 2023. Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel again) Deposit for an Investment...
by Camden Professionals | May 22, 2023 | Airbnb, ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions
A few quick actions may help put some extra cash back in your pocket. Check out our top tax tips before the tax year ends on 30 June. The end of the financial year is almost here and many Australians are looking to find ways to reduce their tax. Whist we encourage...
by Camden Professionals | Apr 28, 2023 | ATO, How To, Instant asset write offs, Small Business, Small Business Tax Deductions, Tax & Accounting, Tax Deductions
As the cut-off date for the instant asset write-off program approaches on June 30, 2023, many small to medium-sized enterprises (SMEs) are feeling the pressure to take advantage of the program before it ends. The instant asset write-off (IAW) initiative has been a...
by Camden Professionals | Apr 17, 2023 | ATO, How To, Income Tax Returns, Small Business, Small Business Tax Deductions, Tax & Accounting, Tax Deductions
As a tradie, it’s essential to understand the tax deductions you can claim to reduce your taxable income and maximise your tax refund. This article outlines five common tax deductions for both employee tradespeople (tradies) and business owner tradespeople (business...
by Camden Professionals | Mar 24, 2023 | ATO, How To, Income Tax Returns, Small Business, Superannuation, Tax Deductions, Work 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...
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