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Tax Time Tips for Small Business

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The Australian Taxation Office (ATO) is lending a helping hand to nearly four million small businesses to get their tax right this tax time.

The top 3 issues that they see when small businesses lodge their tax returns are:

  1. Failing to report all of their income
  2. Not having the necessary records to prove small business expenses claims.
  3. Claiming private expenses as business expenses

Please click on the link below to access their fact sheets with tips on how to avoid common mistakes

ATO tax tips

If you have any further questions, please contact us on 02 9580 3353

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