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Starting a small business is definitely not a small undertaking! It takes a lot of research, knowledge, and planning to successfully pull it off. It is estimated that one in three new businesses fail in the first 12 months. Much…

The AAT has denied a taxpayer’s deductions for work-related travel, clothing, self-education and rental property expenses (in a total of $116,068 and $140,581 for the 2013 and 2014 income year respectively), and upheld the ATO’s 50% administrative penalty on the…

The ATO is recommending that taxpayers use their recently updated GST property decision tool to work out if GST applies to their property sales.The tool can be used to determine GST on the sale, lease or purchase of real property,…

It would be a rare business today that conducts all its affairs in one location. Most business people spend at least some of their working time out of their office – and so do their customers. Because of this, they…

Following detailed consultation with the transport industry, the ATO has amended their determination for travel expenses for truck drivers to provide separate reasonable travel allowance expense amounts for breakfast, lunch and dinner for employee truck drivers for the 2017/18 income…

There’s more to owning a small business than just coming up with a great idea and marketing it to others. In fact, behind every successful businessperson is a set of skills that were necessary to that success. Although nobody is…