ASAP Solutions

There is never the wrong time to take steps to get your tax affairs in order, and plan how to maximise your return!

Some additional tax deductions include:

If you have any professional subscriptions or union fees due, pay by 30 June and you can claim the deduction for the whole amount this year.

Charitable donations are tax-deductible – anything over $2, with a receipt, paid to a charity registered as a deductible gift recipient (which covers most major charities) will be deductible.

If you have some spare cash, look at making a personal contribution into your super fund. Provided the total amount of your contributions (including the contributions made on your behalf by your employer) does not exceed $25,000, this can be a great way to boost your retirement savings and claim a tax deduction for the personal contribution.

he payment must be made by June 30th and you need to advise your super fund that you’ve made the payment by the time you lodge your return your super fund or accountant can give you guidance on how to complete the form and there’s a standard form on the ATO website.

Struggling with small business tax and accounting questions? We've got you covered! Reach out to us today for expert assistance.

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The small business sector has been described as the engine room of the economy 🚒.

Typically, a small business is defined as having an annual turnover of less than $10 million, which is a pretty broad definition!

Our latest blog article delves into key tax considerations for your small business.

Read more here: https://mtr.cool/hxjimjznrs

Reduce your taxable income by claiming allowable business expenses on your tax return. Various expenses, from office supplies to travel expenses, may be eligible for deductions.

Taxation laws, including what deductions can be claimed, frequently change. We stay up-to-date with the latest changes so that you don't have to!

Find out more:
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Happy International Accountants Day! 📚💼

From crunching numbers to analyzing data, your accountant ensures that finances are managed efficiently, budgets are balanced, compliance is met and financial goals are on track.

⚡Fast Taxation & Accounting Services ⚡

Are you tired of dealing with complex tax forms and endless calculations? We are here to provide quick and efficient taxation and accounting services.

✅ Hassle-free tax filing
✅ Expert financial advice
✅ Timely and accurate accounting

Whether you're an individual or a business owner, our dedicated team of professionals is ready to assist you every step of the way. Say goodbye to the stress of tax season, and let us handle your financial needs.

Contact us today to schedule a consultation and discover how we can help you save time and money.

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As a small business owner, getting the support you need can be hard work. Understanding what tasks can be outsourced, the time required to interview and bring on new staff, not to mention the time needed to train and hand over processes.

Once you find the time to map out what support you need and what tasks can be outsourced, understanding the finances around expanding your team is an entirely new labyrinth to navigate.

Read more here > https://asapsolutions.tax/contractors-employees-and-your-cash-flow/

We are not your normal Accountant. But don't take our word for it.

Book an appointment today > https://asapsolutions.tax/

BAS SUBMISSIONS

Let us take the complexity out of your returns while at the same time saving you as much tax as possible.

Book a call with Amanda today > https://asapsolutions.tax/book/

Mark Your Calendars: Upcoming Key Tax Dates 📅

28th October:
✅ Superannuation and BAS Lodgement Payment Due
✅Make Super Guarantee contributions for Q1 2023-24
✅Lodge and pay Q1, 2023-24 activity statement if you are self-lodging

31st October:
✅ Deadline for lodging your tax return unless you are registered with a Tax Accountant (like us!)
✅If you are self-lodging, your tax return is due

If you have questions or need help with your taxes, we're here to assist you every step of the way. Contact us today and let our experts guide you through the process.

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The ATO has guidelines about what can be claimed as a business expense. So it is essential to understand what you can and can’t claim to make sure you are not paying more tax than you need to. To make Tax Time easier, we recommend you keep track of your expenses throughout the year so you don't overlook any payments when it is time to lodge your tax return!

To find out what small business expenses are tax deductible, read the full article:
https://asapsolutions.tax/what-small-business-expenses-are-tax-deductible/

We have all heard the saying that you have to spend money to make money. Simply put, there are costs involved in running a business, and these costs are called your business expenses.

Like with a personal tax return, what you claim lowers your taxable income. It isn’t a refund of the money you have spent on your business.

The ATO has guidelines about what can be claimed as a business expense. So it is essential to understand what you can and can’t claim to make sure you are not paying more tax than you need to.

Read more about it here:
https://asapsolutions.tax/what-small-business-expenses-are-tax-deductible/

Let’s start by understanding the various business expenses you may incur. To take full advantage of these tax offsets and lower your tax liability, you must account for all the business expenses incurred by your business.

Find out more about business expenses here:
https://asapsolutions.tax/what-small-business-expenses-are-tax-deductible/

Depending on your business type, you may have an initial outlay (capital) you need to spend to get started. For example, you may require equipment, tools, a new computer or even a website.

These start-up expenses are typically upfront costs. You may be able to claim a deduction for the costs associated with setting up a business or raising finance.

If you are considering starting a business, you can book a review with us to look at the best strategy to minimise your tax obligations and the incentives you may be eligible for.

At ASAP Solutions, your NDIS Plan Manager is also an accredited accountant. We understand budgeting and finance. As your dedicated Plan Manager, you have the benefit of our bookkeeping experience to help you maximise your NDIS budget.

Talk to us about how we can help!
https://asapsolutions.tax/

The new Small Business Technology Investment and Skills Boost announced in last year’s Budget is set to benefit small businesses by offering them tax incentives. This legislation has yet to be passed, but here are some facts you need to know about these proposed incentives before they come into effect!

To find out more information, read the full article: https://asapsolutions.tax/are-you-eligible-for-the-small-business-technology-investment-boost/

The recent years have been difficult for many businesses, and you may have made a tax loss.

A tax loss is when the total deductions you can claim, excluding gifts, donations and personal super contributions, are greater than your total income for an income year.

For further information and expert assistance with your tax loss, contact us today:
https://asapsolutions.tax

It can be difficult for small business owners to keep on top of the various compliance and legislative requirements, however, one important area that you should pay close attention to is your Superannuation obligations.

Superannuation plays a critical role in ensuring the future financial security of your employees, and non-compliance comes with serious consequences. Let’s look into how being mindful of your Superannuation responsibilities as an employer will help you protect yourself legally and financially, while also doing the right thing by your staff.

Learn more here: https://asapsolutions.tax/super-and-small-business-your-obligations-explained/

Explore the possibilities with us as we guide you to the ideal solution, expertly tailored to comply with your regulatory requirements and optimise your tax commitments.

For further information, book an appointment with our team of experts.
https://asapsolutions.tax

Are you a business owner wondering if you need to register your business name? We've got the answer for you!

In most cases, yes, you do need to register your business name. Not sure how to go about it? Don't worry, we can help. Our team of experts will guide you through the process and ensure you're legally compliant.

Contact us today!
https://asapsolutions.tax/book/

We understand that your tax may not be ‘straightforward’. Multiple incomes such as a side-hustle, small business, rental property, capital gains tax, shares and even your crypto currency portfolio – are all income avenues that can be difficult to get right when lodging your tax return on your own.

We are experienced Tax Accountants and assist individuals across a range of professions and income streams. We take the time to understand your situation and tailor our advice to your individual needs, so you can relax and do what you do best and let us take care of the finer details.

Talk to us about how we can take the stress out of tax time.
https://asapsolutions.tax/book/

Whether you are a small business with just a few employees or a large organisation with hundreds, managing your business payroll requires close attention to detail and can be a time-consuming process.
Our payroll outsourcing services mean you don’t have the cost of employing in-house staff to manage this for you and you can get on with running the business, confident that your staff are getting paid their entitlements on-time.

We can process your payroll and superannuation payments, including gross tax and net pay. Let us take care of your PAYG and payroll tax fulfilment as well as the end of year payment summaries.

https://asapsolutions.tax/contact-us/

At ASAP Solutions, we pride ourselves on the close relationships we build with all of our clients. No matter how big or small your business is, we understand the challenges, and we are here to help.

Book an appointment today!

https://asapsolutions.tax/contact-us/

It’s that time of the year again when we start thinking about preparing for the end of the financial year. As an NDIS Support Worker, the end of the financial year can be overwhelming. Especially for sole traders and micro businesses keeping track of expenses and collating receipts, it can a minefield.

But there are some ways you can minimise your tax. Not every strategy will work for you so it’s important that any tax planning considers your business or personal position and goals. Let’s break this down and look at some common considerations when it comes to tax planning.

Read more here: https://asapsolutions.tax/expenses-your-tax-a-guide-for-ndis-support-workers/

Get expert help for your small business taxes and accounting. Book an appointment today and take control of your finances!

https://asapsolutions.tax/book/

Working as a support worker can be hugely rewarding. Whether you have worked in the profession for a long time or just starting out, it is important to know what extra benefits you may be eligible for. Beyond the many advantages of personal satisfaction, advancement opportunities and the development of interpersonal skills, there are a variety of fringe benefits that may be available.

Learn more here: https://asapsolutions.tax/fringe-benefits-for-support-workers/

Have an amazing idea but feeling overwhelmed about turning it into a successful business? We've got you covered! Starting your own business can be a daunting task, but with our Checklist for Starting Your Business, we'll help you sail through the process effortlessly.

Setting up a business requires careful planning and solid foundations. Our checklist breaks down every crucial step, ensuring that you don't miss a beat along the way.

Why struggle alone when you can have a trusted partner by your side? Talk to us today, and let's discuss how our expertise can make your entrepreneurship journey smoother. Our experienced team is here to guide you and provide personalised assistance tailored to your specific needs.

https://asapsolutions.tax/

Simplify Tax Time. Stay Ahead.

Don't stress about taxes anymore. We've got you covered.

At ASAP Solutions, we make tax time easy. Our experts will guide you through the process, ensuring you stay ahead of your obligations.

Say goodbye to the hassle and confusion. Let us handle it all, from organising your documents to filling out forms accurately and on time.

Don't get lost in tax obligations. Choose ASAP Solutions for a stress-free tax season. Contact us today!

https://asapsolutions.tax/book/

Are you struggling to manage your cash flow and track account receivables and payables accurately? Look no further! Our resourceful team specialises in account receivable services, offering high-level management and maintenance. With our expertise, you can ensure seamless accounting and focus on growing your business. Join us today and experience the difference.

https://asapsolutions.tax/

Did you know that both the Technology Investment Boost and Skills and Training Boost for small businesses have been legalised? This legislation is here to help small businesses like yours and covers expenses incurred between March 29, 2022, and June 30, 2024.

And here's the exciting part - if your business has a turnover of under $50 million, you are eligible for a 20% additional deduction on expenses for eligible employee training courses offered by registered Australian providers. That could mean significant savings for you!

But navigating the complexities of claiming these deductions can be overwhelming. That's where our ASAP Solutions team comes in! We are here to assist you every step of the way. Our experts will ensure that you maximize your entitlements and make the most of this incredible opportunity.

Don't miss out on these benefits that you deserve as a small business. We understand, every little bit helps! Contact our ASAP Solutions team today and let us handle the paperwork while you focus on growing your business. Claim your entitled deductions with confidence!

https://asapsolutions.tax/