Tax time tips for small business

Top 3 business tax return issues

To lend a ‘helping hand’ to small businesses to get their tax right this tax time, the ATO has identified the top three issues for small businesses lodging their tax returns:

  1. Failing to report all of their income;
  2. Not having the necessary records to prove small business expenses claims; and
  3. Claiming private expenses as business expenses (such as travel expenses).

Car parking threshold for 2020 FBT year

Reminder: The car parking threshold for the FBT year commencing on 1 April 2019 is $8.95 (replacing the amount of $8.83 that applied in the previous year commencing 1 April 2018).

All our services are designed to be stress-free; we deal with all the red tape on your behalf and we even liaise with the ATO for you.  Plus all our services come with our service guarantee – fixed price services with fee agreed upfront, FREE unlimited communication and a 24-hour response on all queries.

Speak with us today on 08 9380 3555 and discover a better way to manage your Business Accounting!
Omnis Group is a Xero Certified Gold Partner in Perth

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