Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small Business Entity”, the business must have an aggregated turnover (your annual turnover plus the annual turnover of any business connected/affiliated with you) of less than $10 million.
Minimise Your Personal Tax – 2023 Tax Planning Guide
Maximize your savings with our tips on reducing taxes. Claim tax deductions for home office expenses during COVID-19 using the “Shortcut Method.” Take advantage of the $25,000 deductible super contribution cap & consider carry-forward contributions. High-income earners may face additional 15% tax..
Capital Gain Tax – Thinking of Selling your business?
For the majority of small to medium-sized business owners, the value of your business is your biggest asset, and very likely, your retirement fund. Upon the sale of your business, it is critical you receive the maximum available net proceeds.
Are there any Special Covid-19 Exemptions for FBT?
You may provide your employees with benefits you do not usually provide because of COVID-19. This includes paying for items that allow your employees to work from home.