Tax

Can I claim my mortgage on my business tax?

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.

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.

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?

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?

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?

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.

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.

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.

Insolvencies at a record high for small businesses

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Tony Kaye Insolvencies across Australia's small business sector are soaring, with the number of companies placed into administration at the highest since 1999.

RBA slashes interest rates to 3.75 per cent

Interest rates may be lifted next month...

Chris Zappone RBA slashes rates by the most since the GFC in a bid to reignite growth in the sagging economy.

Home sweet home, unless it's your workplace

AFR

Christopher Niesche OWNERS of home-based businesses should not assume that their home and contents insurance will provide adequate coverage for their business and their business activities, insurers are warning.

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.