Tax

Reduce the juice: how to beat the carbon tax

David Wilson The carbon tax could reportedly drive power bills up by 20 per cent. Here's 10 tips to help slash energy costs in your small business.

How to calculate your tax rate

Tax.

Max Newnham When you run a small business you can potentially be subject to countless state and federal taxes.

Pay tax at the lowest possible rate

Tax cut.

Max Newnham We're opening a cafe in a few weeks' time. How can we maximise our tax claims?

The golden rules of tax deduction

Tax time.

Max Newnham Don't know whether a payment is tax deductible or not? The golden rule is that it must be linked with the earning of income.

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?

BUSINESS MAXIMS

Hey Max, what about my tax?

ABN number.

Max Newnham Q. I know I need to obtain an ABN from any supplier but do I need to get one for the people I do work for?

Swan challenges Abbott on tax cuts

Tax.

Federal Treasurer Wayne Swan has challenged Opposition Leader Tony Abbott to support the government's proposed tax cuts for small business.

FINANCE

Write, which way should I pay my tax?

Keyboard.

Business Maxims Q. I am a UK citizen, and am doing a spot of freelance writing. Should I be taxing myself through my ABN number?

Tax cut a boon as work dries up

Landscape gardeners James Anderson (left) and Danny Fern

Rachel Wells James Anderson, who runs a small landscaping business, says the government's plan to reduce company tax by one percentage point would help offset the slowdown his business is already beginning to see.

Comments 1

Hey Max, what about my tax?

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

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.

Missing tax cut doesn't spell doom for small business

budget

Max Mason Wayne Swan’s surprise decision to drop Labor’s previously promised one per cent cut in the company tax rate will still have benefits for small business, economists say.

Getting on top of tax is crucial

Paul Drum on 'How to get on top of tax'

Paul Drum How to handle GST in a small business with Paul Drum, of CPA Australia.

Warning on carbon tax rorts

The ACCC will be asking businesses to justify price rises if claiming it to be because of the Carbon Tax.

Adam Cooper The ACCC is warning small businesses to justify prices if they use the carbon tax to rort customers.

BUSINESS MAXIMS

Tax tactics: maximise your return

Tax time.

Max Newnham Tax return time is approaching, so make sure you don't land yourself with a large bill.

Buying a bargain could be risky business

Christopher Niesche Many small businesses are going cheap right now, but potential buyers shouldn't be seduced by low prices and the chance to be their own boss.

Is your accountant worth keeping?

CPA.

Max Newnham The new financial year is a good chance to review your business, including the work of your accountant.

Greens in bid to boost small business support

Small business owners would recieve extra support under the proposal.

Clancy Yeates Small business owners would receive extra support worth up to $300 million a year under a new proposal from the Greens.

BUSINESS MAXIMS

A question of profits

Tax.

Business Maxims Operating a business through a company can be a great idea when starting out. But the tax benefit can be outweighed when profits have built up.

BUSINESS MAXIMS

The ABCs of GST

ABC.

Max Newnham When you own a business there are countless rules and regulations that must be met.

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