Author name: Perth Tax Accounting

WA Small Business Growth Grant

WA Small Business Growth Grant: Who’s Eligible & How to Apply in 2025

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If you’re based in Western Australia (WA) and running a small for‑profit business, you may be eligible for the Small Business Growth Grants—a matched‑funding voucher scheme offering up to $10,000 to support growth and capability-building. 🏛️ WA Government: Small Business Growth Grants Source: Small Business Development Corporation ✅ Eligibility Requirements To qualify for the grant […]

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Australian Business Tax Return

Lodging Your 2024–25 Business Tax Return: Everything You Need to Know

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Tax time can be overwhelming for business owners, especially if you’re unsure about what needs to be lodged, what you can claim, and how to prepare. Whether you’re a sole trader, part of a partnership, or run a company, it’s essential to know your tax obligations. To help you get sorted, we’ve answered the most

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Your Complete Guide to BAS Lodgement in Australia (2025 Edition)

Complete Guide to BAS Lodgement in Australia (2025 Edition)

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Complete Guide to BAS Lodgement in Australia. Running a business in Australia comes with a wide range of responsibilities — from managing staff and clients to keeping your financial records in order. One of the most crucial obligations for business owners registered for GST (Goods and Services Tax) is the accurate and timely lodgement of

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The Biggest Mistake You’re Likely to Make in 2025 Tax Time

The Biggest Mistake You’re Likely to Make in 2025 Tax Time

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The most significant mistake taxpayers are likely to make during the 2025 tax season is failing to accurately report income from new or nontraditional sources. This includes income from gig work, side hustles, cryptocurrency, and digital payments received through platforms such as Venmo, PayPal, and Cash App. With the IRS implementing stricter reporting rules and

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Fringe benefits tax and buy new electric cars before 30th June 2023

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On 29 June 2022, the Government announced a proposal to: This measure is now law. From 1 July 2022, employers will not pay FBT on benefits provided for eligible electric cars and associated car expenses. The Government will complete a review into this exemption by mid-2027 to consider electric car take-up. We will provide an

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Protect your myGovID – Essential for all Australian

Protect your myGovID – Essential for all Australian

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Your myGovID gives you access to online services, by telling us that it is you trying to gain access. In addition to the security features on your device, such as fingerprint, face or password, myGovID uses your personal information as well as encryption and cryptographic technology to help stop other people impersonating you. We know

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Record keeping and expenses

Record keeping and expenses

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The ATO has again emphasised the importance of good tax record keeping for income earned in 2021-22 and for expense deductions. It says this will guarantee a smoother tax time but warns it will take “firm action” against individuals who falsify records or can’t substantiate deduction claims. The regulator is also focusing on work-related expenses, particularly

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Will I get $1080.00 Hot cash in my hand payment in 2021? is it A Tax refund or Tax offset? what does it mean?

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Treasurer “Josh Frydenberg” on Tuesday announced that the low and middle-income tax offset (LMITO) would be extended for a further year at a cost of $7.8 billion. The low and middle income tax offset is a non-refundable offset, which means any unused offset amount itself cannot be refunded or reduce the Medicare Levy. The tax

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