While some Budget announcements do not require legislation and apply immediately, it’s important to remember that not all announcements that require legislated will be passed.
Blog / Small Business
Upcoming tax and super changes from 1st July 2023
As seen in Woopi News May 2023 The end of the low and middle income tax offset. Starting back in the 2018/19 financial year and extended throughout the pandemic, the low and middle income tax offset reduced tax payable by between $255 - $1080 for individuals earning...
Cashflow
Cashflow can make or break a business and with raising costs, cashflow is no doubt becoming a problem for a lot of businesses.
Electronic Invoicing (or eInvoicing) is being rolled out, what does this mean for businesses?
Australia and New Zealand have been discussing adopting the Pan-European Public Procurement Online (Peppol) network for some years now. Peppol eInvoicing is a new channel for electronically sending invoices that is an accurate, efficient, and secure way to transact with your suppliers and buyers. This framework is designed to increase opportunities for businesses to integrate with the global trading environment utilising their preferred bookkeeping software. It is designed to decrease processing costs and human error by creating a direct exchange of invoices between suppliers and buyers.
Guard Dog or Working Dog Expenses – when are they deductible?
Occasionally I am asked if costs such as vet bills, dog food and dog bedding can be claimed as a tax deduction. This question is usually coming from a farmer or a tradie with a pooch on his Ute that he likes to refer to as his guard dog.