Small Business Tax Blog by Fletcher Tax Accountants

A wave of more favourable tax treatments are due to hit small business come 1 July 2012. You may want to keep these in mind if you are in the market (or planning) to buy an asset (or some) in the short term.

Clients often worry why their refunds are not as high last year. Of course we all love receiving tax refunds, but what are the common reasons your refund isn’t as high?

A common query my office gets asked – Why do I need to pay PAYG if I am not employing anyone? Firstly, you need to decipher which PAYG the ATO wishes you to pay; PAYG Instalments or Withholding.

We dedicate a great amount of resource to protecting and growing our careers and business – but how much time do we place on protecting ourselves within our relationships? Read on for some ideas you can apply within your relationship.

The ATO has recently posted a real case scenario showing the extent of their data matching capabilities (and a result thereof). The below is a copy of this recent posting. Even if you do not have too many cash transactions, this may prove to be an interesting read!

Have a look over some of the great end of financial year tips! Will any of these apply to your business? [...]

FebuSave – a month to promote saving. Read practical suggestions you can apply NOW!
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This post has been kindly contributed by Sarah Wells of Red Concierge.

The question every budding entrepreneur asks themselves once reality has hit them firmly between the eyes “Where do I get cash from?” speaking from personal experience “Beg, borrow and no, no stealing” and “think outside the square”.

Almost every start-up’ gasps for cash and is under funded from inception. This starves the business and crushes the dream of the entrepreneur. How can you grow without cash ? It is king after all! [...]