Entrepreneur’s Tax Offset
The entrepreneurs’ tax offset (ETO) is a tax offset equal to 25% of the income tax payable on your business income if you have aggregated turnover of $50,000 or less. If your aggregated turnover...
View ArticleIs A Garnishee Imposed By The ATO Causing Your Business Hardship?
If your situation has changed since a garnishee notice was issued, and the action taken is causing you financial distress, phone Taxwise on 9248 8124 to discuss your circumstances. We will work with...
View ArticleEntrepreneurs’ Tax Offset.
Introduction The entrepreneurs’ tax offset (ETO) is a tax offset equal to 25% of the income tax payable on your business income if you have aggregated turnover of $50,000 or less. If your aggregated...
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25 Time-Saving Strategies
More Time…That’s what we all long for. The biggest challenge for small business owners is finding enough time to achieve everything they want. Denis Healy, executive director of global productivity...
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How To Get Paid
Doing the job is one thing. Getting paid is another. Here is what you can do to make sure your business is getting what it’s due, when it’s due. Good News! You’ve just secured your business a big...
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Flexible Workplaces
Q: Some of my staff are happy to be paid overtime, but others prefer time off in lieu. What are the rules around this? A: Firstly, check the conditions of employment in the relevant award or...
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Partnerships
Q: My business partner is not pulling his weight. I do all the work while he takes 50 per cent. What should I do? A: Have a robust conversation about the business, the businesses performance and the...
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Disaster Planning
Q: I have great sympathy for the businesses which were battered by the floods, fires and cyclones in Australia this year. These things can happen to anyone, any time. What should I do to make my...
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Tax Tips for Entrepreneurs
Considering taxation in the early stages of a start-up is important to long-term success. Generally, when starting up a business, the most immediate concern to new entrepreneurs is profitability, with...
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Reserve Bank Interest Rate Announcement
The reserve bank decided to keep rates on hold at 4.75 per cent despite recent news that inflation was running higher than expected. It’s good the Reserve Bank have decided to wait and see if the...
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