Tax planning

EOFY 2022: Understanding the Instant Asset Write-Off

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By Nina Hendy

The lead up to the end of the financial year is the ideal time to contemplate whether or not you could benefit from the Instant Asset Write-Off.

3 business planning tips for the financial year ahead

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By Renae Smith

3 business planning tips for the financial year ahead With end of financial year just around the corner, many business operators should now be looking ahead to FY22/23 and making hard-nosed plans according to available data and forecasting.

Business Activity Statements (BAS): An Overview

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By Amanda Gascoigne

Business Activity Statements are issued by the ATO so that businesses can report and pay a number of tax liabilities on the one form at the one time.

Travel expenses: ATO clarifies what you can (and can’t) claim

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By MYOB Team

Knowing exactly what deductions apply to travel expenses can save a heap of hassle at tax time, and the ATO’s new ruling aims to help with that.

CapEx vs OpEx: A beginner’s guide for business

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By MYOB Team

Understanding CapEx vs Opex expenses is critical for business owners to not only better understand their costs, but also for planning taxes. Here’s why.

Collecting GST? 3 ways to make it easy

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By MYOB Team

Collecting GST as a sole strader or small business operator? Here are three ways you can do so effectively and perhaps even save some money along the way.

What is FBT? An employer’s guide to Fringe Benefits Tax

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By Ron Stefanski

Work perks can attract a Fringe Benefits Tax on your business. Here’s what you should know, as well as how to calculate what you may owe.

Small business tax planning for the financial year ahead

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By Susan Manwaring

As one financial year ends, it’s time to begin looking towards the next. Here’s how to organise your tax planning this EOFY.

Budget 2021: Temporary Full Expensing extended

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By MYOB Team

If you’re a business owner, understanding Temporary Full Expensing and the Instant Asset Write-Off could help you build your business under testing times.
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