Category: Business
5 Additional Services Small Businesses Would like to Receive from Their Accountant
The NAB ‘Key insights into the Australian accounting industry’ report found that accountants are failing to provide the services their business clients demand. The ...
Top 10 Tax Policies of the Australian Labour Party
Most bookmakers have the Australian Labour Party as unbackable favourites to win the May 2019 Federal election. As such, subject to successfully negotiations with ...
Eight Pets That Can Be Tax Deductible
Dogs on farms for rounding up sheep, cattle and other livestock.Fish at workplaces (office and factories). Birds at the workplace. Guard dogs at factories.Dogs ...
Finance Brokers Smashed by Banking Royal Commission
Since the Banking Royal Commission released its final report on 1st February 2019 finance brokers have not stopped crying. For Australia’s 16,000 finance brokers, ...
Property Values in Freefall
A negatively geared rental property is where borrowed funds are used to invest in property and the income generated (at least in the short ...
Ten Deductions Employees Should Never Have Claimed
Adult industry workers claiming breast implants.Employees claiming cigarettes for stress relief at work.Driving instructors claiming speeding and parking fines.Prescription glasses, contact lenses and hearing ...
9 Unusual Work Deductions
Adult industry workers can claim costumes, lingerie, fetish equipment, and adult novelties - if used solely for income earning purposes. Bar staff can claim ...
Abolish the Breastfeeding Tax
With the abolition of the tampon tax on 1st January 2019, women have now started campaigning to have the breastfeeding tax removed as well. ...
Government Targets $50 Billion Black Economy
The ‘Black Economy Taskforce’ report released in October 2017 shows the black economy has grown to 3% of GDP (up from 1.5% in 2012). ...
Black Economy Grows 100%
Since 2012 Australia’s black economy has grown 100% to $50 billion per year. This dwarfs the growth in Australia’s legal economy over that period ...