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Budget Review for Small Business 2018-2019

Budget 2018/2019

Last night, Malcolm Turnbull announced the Australian budget for 2018/2019. Highlights for small business in Australia: $20,000 Instant asset write off scheme has been extended for another 12 months to 30 June 2019 for businesses turning over less than $10m. This is great news for small business. Overseas hotel providers will be required to pay […]

Is Your Business Cyber Safe?

Cyber Security

Cyber Security is a growing problem for small business. It costs the Australian economy more than $1bn annually. Data from the Australian Small Business and Family Enterprise Ombudman suggests that: Small Business is the target of 43% of all cyber crimes 60% of small business who experience a significant cyber breach go out of business […]

Christmas Party and Client Gifts through my BAS?

Christmas Party

Every year, there is much confusion over what a business can claim as a taxable supply around the annual Christmas Party and gift giving. The rules are pretty complicated but here is a summary: Christmas Parties This exerpt is from ‘The cost of providing a Christmas party is income tax deductible only to the […]