This year, tax deduction claims the A.T.O. will focus on include: Motor vehicle expenses Expenses for transporting bulky tools and equipment Uniforms and laundry Overnight Travel-transport, accommodation and meals All work-related expenses: computers, stationery, telephone, internet, fees, subscriptions, electricity, tools, equipment. Self-education claims. Make sure you can substantiate ALL of your tax deduction claims. Please […]
Monthly Archives: April 2018
Viability is defined as the ability to survive. For a business, this is linked to financial performance and position. A business is viable when either: • It is returning a profit that is sufficient to provide a return to the business owner while also meeting its commitments to business creditors. • It has sufficient cash […]
The most common business structures are: Sole Trade, Partnership, Proprietary Limited Company, or Trust. There are advantages and disadvantages to each of these structures. To choose your business structure, consider your personal situation, the nature and objectives of your business venture and the costs and risks of operating under each structure. The choice of business […]