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Home Office Expenses

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Home Office Expenses Not many people know that when you work from home you can actually claim a lot back, sometimes on things you wouldn’t have even thought about like water usage, heating, cooling and even cleaning. I’m hoping today we will be able to better educate you on what you can and can’t claim […]

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Trust Business Structure

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In essence, a trust business structure is used to help minimise liability. It is done by putting a trustee in charge of the administration of the assets for it. The trustee can be an individual, a member, or even a company. They are set up like this because the trustee becomes personally liable for the […]

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How to get your Binding Death Nomination Form Sorted!

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Let’s make sure you’re covered, and have your Binding Death Nomination Form in good shape to make sure it does it’s job. It can be a not so welcomed scary surprise if the form isn’t filled out right and valid.  To conclude our Halloween special series we’re going to explain to you the details of […]

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How to avoid the surprise tax bill

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Leave all of the tricks for Halloween, we only want the treats here.Here are the best tricks (or should we say treats?) to avoid that big surprise tax bill this financial year. PAYG Instalments This is where you start to put money towards, and pay off the expected tax debt that you would have at […]

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Partnership Business Structure

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A partnership business structure works best when there is more than one person (up to 20 people) that decide to go into business together. There are two types of partnerships, general and limited.  A general partnership shares equal responsibility and ownership amongst partners, and has unlimited liability when it comes to debt. A limited partnership on […]

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Company Business Structure

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A company structure is a pretty complex type of business structure. It’s great if you are making a decent profit. A company is a separate legal entity So the company becomes likes its own person. Own TFN, ABN and ACN. When it comes to getting sued, it’s on the company and the company’s assets (not […]

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Sole Trader Business Structure

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The best place to start off (usually). A sole trader business structure is essentially one individual who owns and operates the business. They’re the one who is responsible for all aspects of it. The sole owner can use their individual Tax File Number to lodge their tax returns Because of this, you are not considered […]

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Travel Diaries

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I know this may seem onerous to think of keeping a diary when you are already trying to work while away but what if I told you that it would put a lot of money back in your pocket you could spend on your “holiday”? There is an overseas diary and a domestic diary depending […]