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It appears the ATO are feeling generous and are currently in a giving mood. Small business owners are about to receive a nice little financial gift by way of an income tax offset. The giving of gifts begins this financial year (2015-16) and will be a welcome surprise for many struggling business owners.

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Once upon a time, believe it or not, you couldn’t pre-pay your tax – no, really! If you tried to do this, the ATO would just refund it straight back to you because they didn’t know what to do with it! Well, as of January 2016, this has all changed!

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It’s Christmas in a few days which means that it’s almost the end of another year. The end of the year is a great time to review what has happened, both good and bad. As this is a bookkeeping blog, I thought it would be a good idea to take a look back at how […]

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