Business Tax

Your go-to source for all things tax. Get expert advice and stay up-to-date on the latest Australian tax laws and strategies with our team of experienced tax accountants.

Category

GST Reporting Methods Explained

Three types of GST reporting methods are available when lodging your BAS. 
Category

Simplified depreciation for small business

Instant asset write-off & small business pool explained
Category

Benefits of a holding company

What are the advantages of setting up a holding company?
Category

Deemed Dividends Explained

How do deemed dividends arise?
Category

Dividends vs deemed dividends

What is a dividend?
Category

Fringe Benefits Tax Exemptions

Exemptions, concessions and other ways to reduce FBT
Category

Can I claim small business CGT concessions when I sell shares?

CGT concessions that can potentially be applied to your share sale
Category

How to reduce CGT for small businesses

What are Small Business Capital Gain Tax Concessions?
Category

How to Lower Taxes for Your Professional Services Firm?

How much tax can you save with the right professional services entity structure?
Category

What are the rebates for hiring an apprentice for the 2024FY?

What are the rebates for hiring an apprentice for the 2024FY?
Category

What is the electric car fringe benefits tax exemption?

With the electric vehicle FBT exemption, if an employer offers an electric car worth $50,000 to their employee, they could save up to almost $10,000 a year in taxes.
Category

Car Fringe Benefits Tax

If you own your own Pty Ltd company and purchase a vehicle through the company to take advantage of depreciation incentives such as temporary full expensing, you may be liable for fringe benefits tax
Category

Temporary Full Expensing

Businesses with an annual turnover of less than $5billion are eligible for temporary full expensing.
Category

Small Business Skills and Training Boost

The small business skills and training boost allows businesses with an aggregated turnover of less than $50m to deduct $1.20 for every $1 spent on training courses for their employees
Category

Small business technology investment boost - Spend $1 and deduct $1.20

The small business technology investment boost allows businesses with an aggregated turnover of less than $50m to deduct $1.20 for every $1 spent on digitisation of their business
Category

Claiming occupancy expenses for home office

There are 2 branches of deductions for your home office: 1) Occupancy expenses – E.g., water, rent,interest, insurances and 2) Running expenses – E.g., electricity, gas, and repairs.
Category

Company Tax Return Due Dates Australia

If you run a company turning over less than $2m of revenue and have a tax accountant lodging for you, you will generally need to lodge by 15 of May the next year.
Category

How does GST on imports work?

Cheat sheet for determining GST on imports to Australia
Category

New Covid Grants for NSW Businesses

To help businesses and individuals get through this lockdown the NSW government have proposed the following grants, all of which are still evolving day to day
Category

Depreciation for Australian Businesses - The What, When and How.

Depreciation is the magic wand used by your tax accountant to turn your positive cashflow investment unit into a negatively geared, loss making tax deduction in the eyes of the ATO.
Category

GST on second hand purchases

The GST requirements around second hand goods can seem tricky as you delve into the detail, but when you purchase second hand goods they will generally fall into 1 of three categories:
Category

Whats the difference between Input taxed sales and GST free sales?

Input taxed sales and GST free sales are both considered income and both do not attract GST, there are however some key differences.

Let's get growin'

We know life is too complicated already, without trying to understand Fringe Benefits Tax. That’s our job – and we love helping small businesses get more out of life. More time, more money, more freedom, more control.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Address:
4/242 Princes Hwy, Corrimal NSW 2518
‍
Contact:
1300 630 900
SpecialtiesMedical PractitionersMedical Clinics
Quickbooks CertificationXero PartnerCPA Certification
© 2022 CTK Accounting. All right reserved.

‍Liability limited by a scheme approved under Professional Standards Legislation.