Small Businesses Smart Tax Tips
"We work to earn, and we spend to live — but every so often, it's worth pausing to ask: Are we still rich in the things that no money can buy?"
Importance of Tax for Every Businesses
Running a business is more than just lodging a tax return — it’s about making the right decisions all year round. And the truth is, the right accountant and the right accounting system can make all the difference.
1. Claim What You’re Entitled To — and Nothing More
You may be eligible to claim:
- Mobile and internet (business use portion)
- Home office, equipment, and software
- Work-related travel, tools, and protective gear
- Accountant or advisor fees
But non-business costs like fines or personal shopping are not deductible — and poor record-keeping often leads to trouble.
2. Upgrade to a Cloud-AI Accounting Software
Still using spreadsheets, paper, or basic software? You’re more likely to:
- Miss valid deductions
- Forget super or GST obligations
- Lodge with errors
- Lose track of cash flow or invoices
Modern cloud platforms like QuickBooks, Xero, and MYOB let you:
- Sync your bank data automatically
- Track income and expenses in real time
- Send professional invoices
- Run reports to understand your cash flow and profit
We help clients choose, set up, and optimise these tools so your business runs smarter — not harder.
3. Do You Have a Business Accountant or Just a Tax Lodger?
Not all accountants are the same. Some only lodge your tax return once a year — but a business accountant helps with:
- Strategic planning and decision-making
- Cash flow, structure advice, and tax minimisation
- Real-time insights from your cloud data
- Ongoing support — not just one-time contact
If your current accountant isn’t guiding you throughout the year, it may be time to switch.
Our Progress
Here is our progress
4. Choose the Right Car Claim Method If you use your car for business:
Cents per kilometre method (simple, capped at 5,000 km)
- Logbook method (actual expenses, usually higher but requires records) We’ll help you choose the best method — and show you how to track it properly.
5. Pay Super On Time — Or Miss the Deduction
Superannuation must be paid by June 30 to be deductible for this year. If you miss the deadline, you lose the deduction — and may face penalties.
Ready to Modernise and Maximise?
We work with small business owners, tradies, consultants, and startups every day — helping them lodge accurately, plan smartly, and grow sustainably.
🔹 Not sure if your current accountant is giving you enough?
🔹 Want to move your business into the cloud and take control?
Finding something interesting?
Questions
Our associate consultants specialize in a range of business areas. These include strategic planning, board effectiveness, retention.
We’re based in Australia and serve clients nationwide. We also assist overseas clients with Australian tax or business matters through our online services.
Ideally from the start. A tax advisor can help with business setup, choosing the right structure, understanding GST, and making decisions that save tax over time — not just at year-end.