Tax

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Tax
Phil Khor added an answer to this question
Phil Khor

Phil Khor, Founder at

Top 10%
Very good question! Let’s face it, we’ve all been there thinking we can save money by handling tax ourselves. It’s easy to overlook the benefits of hiring an accountant when you see the costs quickly adding up, but from experience, tax accountants are worth their weight in gold. Navigating ...  expand
Phil Khor added an answer to this question
Phil Khor

Phil Khor, Founder at

Top 10%
This is a common question among business owner and the answer is… it really depends! Different accountants have different fee structures and some may charge you by the hour for tax preparation and lodgment while others will charge a fixed fee. If you have an ongoing monthly retainer your accountant ...  expand
Cliona Elliott added an answer to this question
Cliona Elliott

Cliona Elliott, Senior Editor at

Excellent question. Tax return packages are a good option if you want to ensure your tax return is completed currently and on time. It can lessen some of the stress of tax season and help you maximise your tax return. To give you a bit of an idea, here is a list of different tax return packages and prices ...  expand
Cliona Elliott added an answer to this question
Cliona Elliott

Cliona Elliott, Senior Editor at

Good question! The cost of filing a business tax return with H&R Block is pretty reasonable. There are two options: DIY online or pay a bit more and get an online tax agent to do it for you. 
If you go for the DIY option, you will complete your tax return online and an H&R Block tax expert ...  expand
Cliona Elliott added an answer to this question
Cliona Elliott

Cliona Elliott, Senior Editor at

Great question! I’ve not filed a tax return for my sole trader business with H&R Block, but I’ve heard pretty good things. It is one of Australia’s most popular tax accountancy companies for individuals and businesses and has been around for over 50 years now. From what I’ve gathered, it’s ...  expand
Cliona Elliott added an answer to this question
Cliona Elliott

Cliona Elliott, Senior Editor at

As of changes made to Australian tax law in August 2018, Facebook Ads purchases are subject to GST of 10%. As stated by Facebook, “This applies to advertisers whose 'Sold to' country on their business or personal address is set to Australia and who haven't added their Australian ...  expand
Cliona Elliott added an answer to this question
Cliona Elliott

Cliona Elliott, Senior Editor at

Marketing is an essential part of building your brand, attracting customers and sustaining your business. This is why the ATO allows you to claim marketing expenses in your income tax return as they are costs you incur to run your business. Some examples of tax deductible marketing expenses ...  expand