As a sole trader there are many items you may claim as deductions to offset your operating expenses and reduce your taxable income. In this article we will cover what you can and cannot claim as sole trader tax deductions, the sole trader tax rate, how to pay tax as...
Category: Tax
Early-Stage Innovation Company (ESIC) Eligibility
What is an ESIC - Early-Stage Innovation Company? As a small business or start-up looking to expand, you may qualify as an Early-Stage Innovation Company or ESIC. This initiative was launched in 2015 to drive local investment, promote economic growth and innovation within the Australian business ecosytem. What are the...
Uber driver tax return, How to lodge and deductions
If you’re about to embark on a ride-sourcing side hustle, or have already started one, then you might be wondering how you can keep your Uber driver tax return right without getting on the wrong side of the ATO. Uber makes it clear that its drivers are not employees or...
Accountants for doctors
For many medical professionals, handling financial matters can be challenging at the best of times. But in a post-COVID world where time and resources is stretched to the limit, accountants for doctors play a pivotal role to ensure those looking after the nation’s health are able to manage their books,...
Difference between hire purchase and leasing
Hire purchases, leases and their differences Making the correct financial decisions is a difficult but integral component to running a successful business. Often, your decisions may revolve around the purchase of assets such as machinery, vehicles and property. When considering such purchases, you will likely look into terms such as...