Costs

How to write off business costs

Writing off business purposes.

Business Maxims Q. We recently set up an office - can we claim painting and other costs?

Don't buy the wrong wheels

Work car.

Max Newnham Many small business owners stumble in buying and financing the right sort of work vehicle.

WORKING FROM HOME

Tax tactics: what to claim when you work from home

Working from home tax tactics.

Business Maxims Q. I run a plumbing business from home. What can I claim?

Pass rate cuts on to SMEs: retail body

Don't forget SMEs, urges retail body.

Larissa Ham A peak retail body has urged banks to pass on yesterday's interest rate cut to small and medium-sized enterprises.

Claiming company expenses

Car.

Business Maxims Can I claim my $6000 car purchase as a company expense in my BAS?

Business calls for Henry reform progress

Heather.

Business groups have called for the federal government's tax forum to be based on the Henry review recommendations rather than start from scratch.

We owe ourselves salaries

Max

Business Maxims Q. Can we claim our salaries - which we don't have the money for - as a tax deduction?

Comm Bank, NAB to review business rates

Eric Johnston and Peter Martin Borrowers face further pain, with Commonwealth and NAB expected to review mortgage, business rates.

Business Maxims

Making the most of fruitful labours

Fruit and the tax question.

Business Maxims The ability to offset business losses against other income depends on a taxpayer passing one of four tests. Where these tests cannot be passed the loss must be carried forward to later years.

More small companies fear damage from high dollar

...

Clancy Yeates More than on third of small companies in survey cite strong Australian dollar as a concern.

Hey Max, what about my tax?

Business Maxims There are many anomalies in the income tax act, some of them relate to motor vehicles.

Bad debts: tardy payers hurt small business

Debts

Christopher Niesche For a small business, a couple of bad or late payers can be devastating, putting the business under financial stress or potentially dragging it under.

Chris Zappone

Small business losing faith in economy, says survey

Money

Chris Zappone Confidence among smaller businesses has tumbled to levels not seen since the global financial crisis, with worries about fuel costs, cash flow and interest rates weighing on sentiment.

Be prepared for a rude interruption

Christopher Niesche A loss of trade after an unexpected calamity can be devastating.

Middle man earns his place

Christopher Niesche Using a broker is a good policy if your insurance needs are complex.

Mark Bouris

Small and non-bank lenders worth a look

Mark Bouris

Mark Bouris The truth is that you can't influence a rate cut, but you can look for a better deal.

How to start a multi-million dollar venture with $10,000

business man

Tony Featherstone Consider this: a young entrepreneur starts an online furniture retailer with $10,000. Another starts an online pharmacy with $20,000, and a construction franchise gets going with $25,000.

Comments 17

Can I claim my mortgage on my business tax?

house

Max Newnham Many small businesses operate from the owner’s home. This could mean the factory is a shed in the backyard and the office a corner of the kitchen or dining room table.

Undervalued: why less is risking more

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Christopher Niesche The increased cost of construction brought on by the carbon tax and the soft economic conditions mean many more small businesses are taking the risk of being underinsured, an insurance consultant...

What the budget means for small business

Australian Treasurer Wayne Swan

Max Newnham This year's federal budget has again shown that the small business sector is largely ignored by politicians and bureaucrats in Canberra.