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Hornsby Accountants, Tax Agents, Business Advice and Consultants
We provide exceptional service in a timely and efficient manner.
Our firm is located in Hornsby in Sydney but we have clients all throughout Australia.
We are large enough to offer the full range of accounting and taxation solutions, yet small enough to offer a friendly, hassle-free, tailored service.
Hornsby Based Accountants, Business Tax Agents and Consultants
Top 5 tax mistakes small businesses make and how to avoid themRunning a small business is a rewarding endeavour but tax compliance can bring unique challenges. There are a number of common mistakes that small business owners often make that can have significant financial implications. Tags: #Hornsby Accountant#Hornsby Tax#Hornby Business Posted: Apr 2024 |
Four capital gains tax concessions to help small businessesAs a small business owner, you can take advantage of one of four capital gains tax (CGT) concessions offered by the Australian Tax Office. These allow you to reduce, disregard or defer some capital gain from an active asset used in your small business. Eligibility These concessions become available when you dispose of an active asset, provided you meet certain eligibility requirements. First, you must be one of the following:
Tags: #Hornsby Accountant#Hornsby Tax#Hornby Business Posted: Apr 2024 |
Small businesses get 20% tax break for staff trainingHave you paid for external training for your employees? If so, you may be eligible for the skills and training boost from the Australian Taxation Office (ATO). As a small business with a turnover of less than $50 million, you can claim an additional 20% bonus tax deduction for expenses incurred on training new and existing employees. This covers external training courses your employees undertake, either in person or online. The training must be provided by a registered external training provider. Tags: #Hornsby Accountant#Hornsby Tax#Hornby Business Posted: Mar 2024 |
Prevent potential stress with these record-keeping tipsAs a business owner, you know that keeping records can save you time, hassle and money in the long run. But there might be some records you haven’t thought about. For tax purposes, you should keep record of your income, expenses, profits or losses. This means keeping your invoices, receipts, bank statements, payroll records and ledgers. Alongside your financial records, here are four more areas you should keep track of: * Inventory, including available stock and purchase orders. Tags: #Hornsby Accountant#Hornsby Tax#Hornby Business Posted: Mar 2024 |