Posts by Clarity Taxation

Could your business save money on taxes while becoming more energy-efficient? If you’ve made any energy-saving upgrades between 1 July 2023 and 30 June 2024, you may be eligible for a valuable tax deduction through the Small Business Energy Incentive. This incentive could help you save on both your taxes and energy bills, putting more…

Victoria has lowered its land tax threshold, and your business could be affected. Our latest blog explains who needs to pay, when you can claim deductions, and how land tax differs across Australia. Stay informed and avoid penalties by understanding these crucial updates.

Thinking of lodging your tax return early? Wait, there are some key things you should know first. Check out our blog for insider tips to avoid common mistakes.

The recent Budget announcement brings good news for small businesses. The Instant Asset Write-Off program is extended, allowing eligible businesses to claim the full cost of assets under $20,000 as an immediate tax deduction. Find out if you qualify and how this can save you money on taxes.

Want to benefit from the Australian R&D Tax Incentive program? Make sure you’re following the rules. Our latest blog covers eligibility, compliance tips, and ATO’s latest alerts when it comes to making for R&D claims.

Confused by all the talk about Stage 3 Tax Cuts? This guide breaks down the changes in simple terms, explains who benefits the most, and even gives you an idea of how much extra money you could be keeping in your pocket.

While the tax year may not be over yet, it’s never too early for businesses to start preparing. Taking a proactive approach can help you avoid costly mistakes and ensure you’re maximising your deductions and credits. Here’s a breakdown of some common tax pitfalls businesses encounter, along with strategies to steer clear of them. Mistake#1…

The sharing economy, once a niche market, has exploded in recent years, disrupting traditional industries and empowering individuals. From ridesharing apps to peer-to-peer rental platforms, the ease and convenience of connecting directly with consumers have made these services a go-to choice for millions. However, with this growth comes increased scrutiny and the need for responsible…

Protect your business from fraud and ensure only authorised agents access your tax info with the new ATO agent nomination process.

It’s easy to get caught up in the excitement of Christmas preparations as the festive season approaches. However, before you get too carried away with holiday cheer, it’s the perfect time to update your tax checklist to ensure a smooth and stress-free tax season in 2024. Assess your deductions Take a moment to review your…