You can claim tax deductions for expenses you incur while running your business if they’re directly related to earning business income (also known as assessable income). Take Jane, for example. Jane is a sole trader who works as an IT consultant. As part of her...
In the dynamic and ever-evolving panorama of business, knowledge, guidance, and strategic insights are paramount. This is wherein the jobs of enterprise experts and advisors come into play. These professionals play a pivotal role in assisting organizations to...
Xero Accounting Software can be a good choice for many small business owners, but whether it’s the right fit for you depends on your specific needs and circumstances. Here are some factors to consider when evaluating if Xero is a suitable accounting software for...
Cents per km method If you’re claiming for car expenses the cents per kilometre method has increased from 72 to 78 cents per km. If you use this calculation method, the cents per kilometre rate of 78c covers all your vehicle running expenses including servicing, fuel,...
Launching a business might be the greatest method to implement your ideas. Starting a new business gives you control over how your products are made, who is involved, where they are marketed, and how they appear in the marketplace. It might enable you to turn a hobby...
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