Monthly Archives: May 2020

Small Business Benchmarks

The A.T.O. uses small business benchmarks to identify businesses that may not be reporting some or all of their income. Input benchmarks (income to labour and materials used) apply to trades people who undertake domestic projects and are responsible for purchasing their own materials. Performance benchmarks provide financial ratios for your industry that compare your […]

The Best Business TAX Tips

• Pay Superannuation Guarantee Payments early (before June 30) • For Trusts: distribute funds to eligible recipients who are taxed less • For Companies: as above • Review your business structure • Review “immediate write off” items-up to $150,000 for small and medium sized businesses • Write off unrecoverable bad debts • Stock: Stocktake and […]