#Tax Time
Tax time is open. Here’s the ATO’s dos and don’ts before you lodge
The ATO’s Anita Challen has laid out exactly what to avoid this tax time, from overclaiming deductions to copying last year’s return.
ATO’s tax assistance: Your guide to filing
ATO's Tax Help program offers a free and confidential service for those with simple tax affairs and an annual income of $60,000 or less.
Tax time: Here’s how to do it right
The ATO has released a small business tax time toolbox to help small businesses complete their income tax returns.
The low- and middle-Income tax offset and how that will play into Aussie’s tax refunds this year
Here’s how to file your tax returns if you are eligible for the LMITO.
How SMEs can turn tax time into an opportunity to grow
Many small business owners see the end of the financial year (EOFY) as a busy time during which they need to prepare tax returns for the business and group certificates for employees, as well as finalise sales, do stocktakes, and ensure all financial recordkeeping is in order. The thought of adding another task to that […]
EOFY black spots found in SMBs tax knowledge
Last financial year, the ATO evaluated 1.4 million SMBs against its risk detection systems, which led to 16,000 being investigated. Here’s how to plug your EOFY knowledge black spots and escape the attention of the tax office.
EOFY is coming – are you up to speed?
Did you know that this upcoming EOFY is one of the most compliance-heavy years we’ve seen in some time. Daunting, huh? Here’s a look at what you need to be aware of.
Tax and accounting professionals urged to jump online
A 1000 percent rise in Google searches of tax-related keywords since April has led MYOB to urge tax and accounting consultants to build an online presence now, or risk losing their business to competitors who are online.
ACCC warns SMBs of EOFY scams
Unsuspecting small businesses are often in the sights of scammers around the end of the financial year, with the Australian Competition and Consumer Commission (ACCC) suggesting SMBs remain vigilant at this time of year.
Year-end planning tips for small business
With 30 June upon us, taxpayers are looking for opportunities to reduce their tax liabilities for the fiscal year, and according to Institute of Public Accountants senior tax advisor Tony Greco, small businesses should also not overlook the cash flow benefits of tax deferral opportunities.
12 tips for starting FY11/12 on the front foot
Wrapping up the EOFY properly ensures businesses roll into the new financial year smoothly, and helps business owners put their best foot forward from the get go. With this in mind, RSM Bird Cameron has put together 12 tips for starting the 2011/12 financial year.
Celebrate and recognise this EOFY
MYOB’s Julian Smith blogs about the importance of giving yourself a pat on the back this EOFY. “For some of you self-recognition is rare, you’re so busy doing the day to day work that it’s easy to miss. I encourage you to recognise the hard work and determination that you have put in to your business, what you have achieved and the contribution you make to your local business community.”
Small business bewildered by EOFY requirements: survey
The end of the financial year is one of the most anxious times for Australian small businesses, with many reporting bewilderment at the complexity of tax reporting in the latest American Express Tax Time Survey.