CHANGE IS COMING WITH APRIL 1st 2017

1 April 2017 brings some important changes for taxpayers. Most of the changes are business friendly and are designed to reduce compliance costs. New Minimum Wage Rates The adult minimum wage rate will increase from $15.25 to $15.75 (before tax) an hour. The starting-out … Continued

I have a small business… do I really need to file a tax return now?

Generally speaking if you are charging others for goods and/or services with a view to making a profit (your aim does not need to be the result) you are usually operating a business and liable to file a tax return … Continued

Common bookkeeping mistakes Small Businesses make

Bookkeeping is a significant part of any business endeavor. While it is typically not one of the more glamorous jobs, bookkeeping is at the heart of a businesses success and errors can cost the company significantly. You may be doing your own bookkeeping … Continued

Is my vehicle claimable?

Using your OWN vehicle in your business If you use your own vehicle in the business, you can claim the running costs. If you use your own vehicle for both personal and business use, you’ll need to make an adjustment … Continued