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accounting advice

Tax returns: How to claim correctly and maximise your refund

Lodging a tax return yourself can be both time-consuming and confusing so it pays to seek the help and experience of an accountant/tax agent. One of the biggest pitfalls for people who decide to self-lodge a tax return is failing to claim what they are entitled to. The truth is many people simply don’t know about all the tax deductions they can claim for or they haven’t kept an accurate record of them. Many others forget to report some income or incorrectly enter figures – both of which can lead to interest and penalties.

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Small Business Failure

Why is small business failure so high?

It’s no secret that small businesses are the backbone of the Australian economy. In fact, small business employs more than 4.7 million people and 41 per cent of the business workforce in Australia. It’s a staggering number. However, of the 2.3 million small businesses operating in Australia, many will sadly fail.

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