Karen Rivera
Do I Really Need an Accountant for My Business?
This is one of the most common questions business owners across Australia search for and quietly wonder about. It usually comes up when things start to feel a little heavier than they used to.
The short answer is yes, but probably not just for tax returns and compliance.
Your Year End Financial Checklist
As the year wraps up, it is a great time to pause for a moment and make sure your business is set up for a strong start to the next financial phase. It does not need to be complicated. A simple checklist can help you clean things up, get clear on where you stand and make the next few months feel a whole lot easier.
Can the cost of clothing be tax deductible?
This article explains when the cost of work-related clothing is tax deductible under strict ATO guidelines, covering occupation-specific clothing, compulsory and registered non-compulsory uniforms, protective items, associated laundry and repair costs, and how clothing allowances are treated for tax purposes.
Thinking of a Christmas stay in your SMSF property? Think again!
Thinking about using your SMSF-owned holiday home for a Christmas break? This article explains why that’s off-limits under the sole purpose test, how related party and in-house asset rules apply, what happens if you breach them, and the compliant options available if you’d like to eventually use the property yourself.