, ,

The approach to tax when you’re working from home

If you produce assessable income at home, or some of it, and you incur expenses from using that home as your “office” or “workshop”, the ATO will generally allow that a taxpayer could be in a position to be able to claim some expenses…
,

Personal services income explained

The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not matter whether the income is earned by the individual in their own name or through an entity such…
,

E-invoicing is on its way

Along with a more automated exchange and processing of invoices, e-invoicing also promises reduced payment times and better cash flow. The headline above may give the impression that electronic invoices are a futuristic concept, but of course…

Home insurance isn't just about bushfire protection — hail damage, flooding and accidents can also happen

It's the one thing you pay for that you never want to use. But with thousands of homes burnt down or damaged in this season's unprecedented bushfires, it's a reminder that a nightmare can become a reality. For some, it's returning home…

You can't be a great investor if you are always looking back

This first month of this year is a little different as it marks the start of a new decade, which often brings with it new opportunities although this isn't always the case. So let me ask you - do you want this decade to be like the last…

A different way to help the grandkids

Many grandparents want to give their grandchildren a head start in life, and a common way to do so is to help by paying some (or all) of their school fees. This can, of course, simply be done by making a contribution at the time the fees are…

Superannuation and new cars are very similar!

Superannuation can be one of the most baffling topics when it comes to managing our finances so let’s relate looking for the right fund to something that might be more enjoyable - buying a new car. What do you look for? SIZE AND SPEED The…

Insurance – don’t go it alone

There is no doubt that the very thought of claiming on your own insurance policy is depressing, but extensive research tells us that you (and even me) may be unable to work for an extended period during your life due to sickness or an accident. The…
, ,

Incoming tax changes for SMEs in 2020

Small businesses are being urged to keep abreast of some key tax changes coming in 2020, with an accounting body warning they “can have a big impact on the way you run your business”. According to Susan Franks, senior tax advocate at…
, ,

Eleven Financial Fundamentals Every Small Business CEO Must Know

Regardless of the size of the business, the ultimate responsibility for success lies with the CEO. If you're a small business owner, that's you. And the most critical CEO tasks that result in success or failure lie in the knowledge and practice…