The 2016-2017 financial year is coming to a close, which means you need to get your taxes in order. If you own a small business, this checklist will help you to cross those t's and dot those i's.
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Whether you're running your own business, working as a book-keeper or accountant for someone else, or the the IT guy making sure the business has access to the tools they need there's one software category you have to keep in your business' application kitbag. That's accounting software. But today's applications go far further than double-entry accounting, raising invoices and producing a monthly or quarterly report for the tax office. They integrate with warehouse and logistics applications, point of sale terminals and other systems making them the heart of your business' backoffice. Two of the biggest players on the market are the veteran MYOB and the fast-rising challenger Xero.
This year, the biggest tax news for small businesses was the extension of the $20,000 write-off, up from $1000 in previous years. In addition, the company tax rate for small businesses has decreased and more businesses are now eligible for most small business tax concessions. We take a look at all of these changes and more.
If you run a small business, there are a lot of dates to keep in your head when it comes to keeping up with your obligations to the Australian Tax Office. To make your life a little easier, we've prepared a calendar of key dates for the 2016-17 financial year when it comes to Aussie small business tax time.
If you want to reduce your tax bill, you need to claim as many legitimate deductions as you can. While most people know about travel expenses and charitable donations, there are many additional deductions you might be able to claim. Some of these items may surprise you - from video game consoles and Netflix subscriptions to pet dogs and sex toys.
With Windows 10 coming soon, and tax time upon us, now is the time to upgrade your PC. Here's some deals to have you working better, faster and smarter.
So who’s unsure about using apps in the workplace? We’re not talking about your public transport or wine app, but apps designed to help your business improve productivity and reduce costs. There is an app for almost every business need, and if you ignore them you risk being left behind while your competitors surge ahead.
As much as throwing a tantrum feels like a natural option when it comes to organising your life for tax time, there are things you can do to make it seem less of a chore. While you're organising your finances, it's a good time to take care of other notoriously avoided tasks around the home. Here's our list of the best deals and must-do tasks to get you sorted before June 30 rolls around (it's not far away so get acting!)
