Do you work in the health and fitness industry? There are tax deductions suited to your industry that you can include in your next tax in order to maximise your return! In this blog post, we’re sharing with you some of the common tax deductions for personal trainers.

Now that we are past the Christmas and New Year period, we are heading straight towards every business’ favourite time of the year -the end of the financial year! This is often a stressful time for small businesses, particularly sole traders, who aren’t always aware of exactly what they need to do to prepare for tax time. There’s one sure way to avoid that last-minute rush: making sure you’re prepared for tax time.

The end of the tax year will soon be upon us, with 30th June just around the corner. For many business owners, it’s a stressful time, as you frantically rifle through your files trying to find that missing invoice or receipt! There’s one sure way to avoid that last-minute rush: making sure you’re prepared for tax time. In this blog post, we’re sharing with you our top tips to ensure you’re as prepared as you can be before it’s time to lodge your tax.

Nobody wants to attract unwanted scrutiny from the ATO! Tax audits can be a very stressful and costly time. The best way to avoid an audit is to know how to stay out of trouble in the first place. So, as tax time 2021 kicks off next week, we’re outlining below the most common ATO red flags to avoid when submitting your tax.

Tax planning is about dedicating time and expertise to planning the best tax strategy for you. There’s no one-size-fits-all approach to tax planning. The goal is to reduce your taxable income so you pay less tax. And by doing so, you’ll maximise the money you keep hold of to spend on whatever you choose.

If you’re confused by the whole concept of GST, you aren’t alone! As a new business owner, it can be tricky to understand; should you be registered for it? How should you calculate it to charge clients appropriately? What even is it?! Lucky for you, we’re here to help! Let’s take a look at everything you need to know about GST.