Business Maxims Can I claim my $6000 car purchase as a company expense in my BAS?
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.
Steering your fleet towards the right policy can be tricky, but here's some advice to smooth the way, writes Marcella Bidinost.
Max Newnham Tax return time is approaching, so make sure you don't land yourself with a large bill.
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...
Christopher Niesche Different sectors need different coverage so it's vital to correctly identify your requirements.
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.
Max Newnham When you run a small business you can potentially be subject to countless state and federal taxes.
WORKING FROM HOME
Business Maxims Q. I run a plumbing business from home. What can I claim?
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?
Business Maxims Q. Can we claim our salaries - which we don't have the money for - as a tax deduction?
Max Newnham Three areas to watch out for: GST, asset use and claims after a business closes.
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.
Christopher Niesche A loss of trade after an unexpected calamity can be devastating.
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.
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.
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.