Tax time tips for small business to a successful tax management
To lend a ‘helping hand’ to small businesses to get their tax right this Tax Time, the ATO has identified the top 3 issues they see when small businesses
lodge their tax returns:
- Failing to report all of their income;
- Not having the necessary records to prove small business expenses claims; and
- Claiming private expenses as business expenses (such as travel expenses).
Small and medium sized business owners are strongly advised to be prudent in their decision during income and claims declaration to avoid unnecessary penalties. Verus Accountants and Advisors has just the right experts in lending this helping hand to keep your business out of tax troubles, while maintaining clean records of declarations. We are able to help all taxpayers to pay just the right amount to meet ATO’s requirement; keeping your business’s liquidity in check. On top of that, our accounting firm promises you the fairest rate in this line of service; one you can never find in other accounting firms.