by Val Tse | Jul 8, 2021 | Small Business
E-invoicing has many benefits for every business by simplifying and automating the exchange and processing of invoices. Benefits of E-invoicing include: Reduced payment times Less time and errors Reliable and secure Cost savings Connect once, trade with many...
by Val Tse | Jul 15, 2019 | ATO, Small Business
Justine Williams, from Small Business Experience, reminds small businesses about the golden rules for claiming deductions at tax time and the concessions available to support small businesses. Click here to watch the video on the ATO...
by Val Tse | Aug 6, 2018 | GST, Small Business
Most small business owners stay on top of their GST refunds, mainly because of cash flow concerns, but it’s not all that uncommon to now and then lose track of a credit. What quite a few small business owners may not know is that you have four years to claim any GST...
by Val Tse | May 4, 2018 | Small Business
How well do you know your business deductions? Try these questions to find out! QUESTION 1 A company’s financial accounts show the following information in relation to its bad debts and doubtful debts for the year: Closing balance for doubtful debts from the previous...
by Val Tse | May 4, 2018 | Small Business
An issue that sometimes arises for business owners is whether interest expenses incurred on borrowed funds used in a business remain deductible after the business’s income earning activities have ceased. As a general rule, in order for interest expenses to be...
by Val Tse | Apr 23, 2018 | Small Business
If you are operating a small business and at the end of the income year you estimate that your trading stock’s value has not changed by more than $5,000, remember (especially if you are new to business) that you can choose not to conduct a formal stocktake. By making...