Claiming company expenses

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

MONEY

Cash splash: 12 ways to beat the taxman

Annette Sampson Another financial year done and dusted. Well, almost. With a little more than four weeks to go until June 30, it is high time to get in some last-minute tax planning.

Special Report

How to negotiate a wheel deal

Steering your fleet towards the right policy can be tricky, but here's some advice to smooth the way, writes Marcella Bidinost.

BUSINESS MAXIMS

Tax tactics: maximise your return

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

Finance

Taxing times - how to prepare your business

Christopher Niesche With the end of financial year fast approaching, it’s time for small businesses to start getting their tax in order and gearing up to take advantage of some law changes coming into force in the new...

One premium does not suit all companies

Christopher Niesche Different sectors need different coverage so it's vital to correctly identify your requirements.

The golden rules of tax deduction

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

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

WORKING FROM HOME

Tax tactics: what to claim when you work from home

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

FINANCE

Write, which way should I pay my tax?

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?

We owe ourselves salaries

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

Steer clear of these GST traps

Max Newnham Three areas to watch out for: GST, asset use and claims after a business closes.

Insuring for when the door stays shut

Christopher Niesche Most small businesses insure their property and stock against damage like fire and theft, but few take out business interruption insurance against the loss of cash flow caused by a prolonged shutdown.

Be prepared for a rude interruption

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

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.

How to deal with a cash crunch

Christopher Niesche When businesses go under, it’s usually not because they’re not making a profit, but because they don’t have enough cash to pay their bills.

How to increase prices without alienating clients

Christopher Niesche Increasing prices can be tricky at any time, but in the current soft economy small businesses risk losing customers if they mishandle the price rise.