What the ATO will consider a deductible expense and what they won't. Read More…
The Latest from Aegis
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Understanding Super Guarantee Employer Obligations in Australia
Helping both employers and employees understand their rights and responsibilities. Read More…
I Want to Claim a Tax Deduction for my Car. What records do I need to Keep?
Are you considering claiming car expense deductions under the log book method against your employment or sole trader business income? Here
are some key requirements for this type of claim.
Read More…
What is Capital Gains Tax and could you be liable?
Have you sold any assets? Could you be liable for Capital gains tax? Read More…
REMINDER - Do you need to do a stocktake on 30th June 2023?
If your business buys or sells stock, you may need to do a stocktake for tax purposes. Understand how a stocktake can help your business and how to do one. Read More…
LAST MINUTE TAX DEDUCTION OPPORTUNITY
The Small Business Technology Investment Boost was only passed a few days ago so has not been considered in our tax planning estimates, if this applies to you then WINNER! Read More…
What is in the ATO’s “sights” this 2023 tax time?
Each year, the ATO takes a closer look at various areas and focus their audit activity there. For the 2023 financial year, the ATO has shared what its key focus areas are:
- Rental property deductions
- Work-related expenses; and
- Capital gains tax.
What should I do to prepare my business' books for tax time?
June is the perfect time to arrange a bookkeeper to clean up and overhaul your business' accounting file ready for your tax accountant to either do tax planning before the end of financial year, or be able to prepare your June quarter BAS and tax returns easily. Plus, by organising a clean with a bookkeeper and paying the fee before the end of financial year, you can claim the fee as a tax deduction this year! Read More…
Tips for getting ready for the EOY 2023
As the 2023 financial year comes to a close it is important to start thinking about your tax planning strategy. We have outlined some simple steps to take that could potentially save money on your tax bill and ensure there are no hidden surprises. Read More…
Federal Budget 2023 Cheat Sheet
Last night was the Federal Budget announcements, our friends at Tax Nuggets have compiled this summary of the 2023 budget items which look to affect small businesses. Note that these are not yet law. Read More…
Introducing our Demystifying Business Program
Read our latest blog which introduces our “Demystifying Business” program in which we help you develop a business strategy
to improve your financial literacy and increase the business’ revenue and profit.
Brisbane City Council currently have a grant for businesses located in their LGA, which are 50% or more owned by women, that can assist you
to fund the first few months of this program. To match this grant, we have developed a three month “Begin the Demystification” package which
includes preparing the acquittal report at the conclusion of the grant funded program. Hurry though, the grant closes at 4pm AEST on
Thursday, 3 November.
Our friends at Phoenix Jara Grant Specialists can help you apply for this grant along with the quote from us.
Read More…
Is Fear Stalling Your Rise to Business Success?
Last Wednesday night we held our popular Quarterly Quality Conversations client event at the Grandview Hotel in Cleveland. Our guest speaker, Steve Sandor from Inspiring Business (https://inspiringbusiness.net/), talked us through the various stages of owning a business and the emotions attached with them. Read More…
You may have been led to be believe that Tori and Karen were on a junket at the Xero Conference in Sydney last week …. but believe you me
they were also learning & networking for the two day conference.
They have written a blog sharing some valuable learnings so and if any of these peak your interest please reach out to have a conversation
with one of them.
Read More…
Everyone is a tax expert, or so they think. In this audio clip, Tori dispels 5 tax time myths. Read More…
Adjusting to a Post-Pandemic World
As Australia starts to ease Covid-19 restrictions, with new cases decreasing everyday, new questions and expectations have now risen with regards to working. So what now? Read More…
October 2020 Tax Cuts Are Here! What do I need to do in my payroll? Read More…
COVID-19 JobKeeper Extension Update
We are still waiting for some of the finer details to be released from the ATO, however the broad rules have been released. As always please feel free to contact us if you would like any clarity around your current situation. Read More…
COVID-19 JobKeeper Extension Update
The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged. Read More…
COVID-19 - Relief from Queensland Government for Small Business
Released this week - Small Business Adaption Grant Program - up to $10 000. The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience. Read More…
COVID-19 - Latest JobKeeper Update & Local Redland City Council Support - 28 April 2020
COVID-19 - Latest JobKeeper Update & Local Redland City Council Support - 28 April 2020 Read More…
COVID-19 - Latest Jobkeeper update 27 April 2020
Late on Friday night, the Treasurer released some changes to the JobKeeper program. (Nothing like keeping accountants and bookkeepers on their toes!). The biggest news is the change to eligibility to 16 and 17 year old employees. This change means that all employees aged under 18 will need to be re-tested to confirm if they are still eligible to receive JobKeeper. Read More…
COVID-19 - Latest JobKeeper Alternative Test Options
For those businesses that missed out meeting the Basic Turnover Tests criteria the ATO have finally released the Alternative Test Options. Read More…
COVID-19 - Latest Update 23 April 2020
First of all, thank you to all our clients who have contacted us and thanked us for keeping them up to date on a regular basis. At Aegis Business Services, we see ourselves as an extension and part of our clients’ businesses and therefore are really trying to understand what each and every one of you are going through. We as a team are working tirelessly to be updated on the latest information and opportunities that can help our clients and thank you all for your patience, even if it is taking us longer than normal to get back to you at this time. Read More…
COVID-19 - Latest Jobkeeper update 20 April 2020
Following on from Friday’s update, the ATO have again been working behind the scenes over the weekend and have released some further detailed directions in a few areas. We have included a summary below with the appropriate links. Read More…