23/10/2024
Looking to save on your small business taxes? 💰The ATO provides a basic outline of what you may be able to claim which covers the below key points:
💸 Claim deductions for most business costs: Staff wages, marketing, finance costs, and more.
🙅 Can't claim private expenses: Keep records to support your claims.
✈ Business travel expenses: Claim airfares, accommodation, and meal expenses.
🚘Instant asset write-off: Claim the cost of eligible assets immediately (subject to thresholds).
🏠 Home-based business expenses: Claim business portion of mortgage interest, electricity, and more.
This information is to be used alongside the rules and advice listed on the ATO’s website which can be accessed via https://www.ato.gov.au/other-languages/information-in-other-languages/business/deductions-for-small-business.
Alternatively, you can reach out to our in-house Accountants at Aone Account & Bookkeeping for further information.
🌐 www.aoneaccount.com
📞 02 4555 1847
📨 [email protected]
Information on deductions you can claim as a small business owner.
