For many business owners the words ‘tax audit’ can make them tremble with fear. The idea of being audited by the ATO can worry even the most experienced business operator. But it doesn’t have to be that way…
The end of the financial year is just around the corner and we know that tax time can often feel overwhelming for those running their own business. We want to help relieve some of your worry so we’ve put together a list of tax tips for small to medium businesses.
The Treasurer, Josh Frydenberg, delivered the Federal Budget on Tuesday 11 May 2021. We have summarised many of the newly outlined measures. These are not legislated yet but we will be keeping a close eye on them and update you with any progress.
Business structure can have a significant impact on your tax obligations. Whether your business is set up as a company or you are registered as a sole trader, you want to make sure that you can achieve the best tax outcome.
As a business owner, it’s essential that you partner with service providers that help you achieve your business goals. Part of that is selecting a business accountant who really understands your needs.
Here at Alliance Accounting, we have the experience and expertise to help guide entrepreneurs on their path to success. Theo Karabetsos discusses some of the key challenges faced by business owners and how we can help overcome them.