Mr Taxman
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Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
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The Tax Office has some useful tips and information to help businesses start the new year on the right foot. There are some important things all small businesses need to remember, including good record keeping practices, meeting GST obligations, reporting, paying tax and superannuation.
If you are a trustee of a Self Managing Superannuation Fund (SMSF) you have a range of responsibilities that you must adhere to in the day-to-day operation of your fund. Here is a checklist outlined in the Government's Role and Responsibilities of Trustees paper which details what you must be aware of as a trustee of a SMSF.
Use this to see if you can claim a tax deduction for home office expenses as part of your business or employment.
Advice about business records you need to keep, and how well you keep them.

Better business tips

Mar 08, 2011

6 tips to help manage your business, including clean up days, training and better utilising your staff's expertise
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comments-rhsLatest Comments

  • "Currently voided but that may change in the future...."

    By: Mr Taxman at Mar 24, 2017 9:03PM

    Post: Two important dates for those with HECS/HELP debts

  • "Provided you stay under the repayment threshold & you an Australian tax resident, it will continue to accumulate (adjusted for CPI each year). Currently there is no ability for the government to take..."

    By: Mr Taxman at Mar 24, 2017 9:02PM

    Post: Two important dates for those with HECS/HELP debts

  • "Yes you will get that extra tax back when you lodge your return provided you are under the repayment threshold. Consider it a forced form of saving. Please note that for some 2nd jobs, the tax being..."

    By: Mr Taxman at Mar 24, 2017 8:58PM

    Post: Two important dates for those with HECS/HELP debts

  • "Technically no as you are filling out your TFN declaration in good faith that it is accurate that you don't have a HECS debt. If you don't happen to have any extra tax being deducted & you don't make..."

    By: Mr Taxman at Mar 24, 2017 8:56PM

    Post: Two important dates for those with HECS/HELP debts

  • "It will depend on what your taxable income is - if you are over the repayment threshold level https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/ then some of your extr..."

    By: Mr Taxman at Mar 24, 2017 8:53PM

    Post: Two important dates for those with HECS/HELP debts