In an effort to boost the spirit of innovation in Australian businesses, the government’s Research and Development (R&D) tax incentive offers businesses a way to get back some of their R&D spend. Broad-based without being industry-specific, businesses can use the tax offset to influence on the scope and timing of their R&D expenditure levels. The […]
Business Concessions and Deductions
There are a number of tax incentives, concessions and deductions specific to businesses; especially small business.
There’s no doubt that the internet can be a crucial tool for small business, and many businesses are essentially just ‘online’ enterprises (no web, no business). But no website is a ‘one-size-fits-all’ proposition, as the purpose behind having an online presence varies greatly depending on the business involved. Is it just for promotions and marketing, […]
There are legitimate ways to go about minimising your business’s tax liability, and some simple tactics to achieve this. These may not suit every business, so check with your tax professional to ensure they are applicable. As plans of action invariably take a while to put in place, some of the strategies may be too […]