Accounting Directions | Looking beyond numbers

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• Claiming Motor Vehicle Expenses On Your Tax Return | Accounting Directions

  As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. This includes cars and certain other vehicles that...

• 9 Key Items To Discuss Before Lodging Your Tax Return | Accounting Directions

  Lodging your tax return for the 2021-22 financial year? As registered tax agents, we are able to assist you with the process of lodgement to ensure your compliance with the requirements of the ATO. To...

• Chasing Up End Of Year Invoices | Accounting Directions

  As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices. A healthy cash flow is the lifeblood of any business, providing...

• Preparing for tax time | Accounting Directions

  With the end of the financial year fast approaching, preparing ahead will help to take off the pressure of running your business and organising your tax affairs this tax season. Business owners can be...

• How do franking credits work? | Accounting Directions

  Franking credits are a kind of tax credit that allows Australian companies to pass on the tax paid at company level to shareholders. Franking credits can reduce the income tax paid on dividends or pot...

• Breaking down business industry codes | Accounting Directions

  A business industry code (BIC) is a five-digit code you include on relevant tax returns and schedules that describes your main business activity. BICs come from the Australian and New Zealand Standard...