Year: 2026

Record Keeping and Documentation Requirements for the Small Business Retirement Exemption Claim can make the difference between a smooth outcome and a stressful review. When you sell a CGT asset and want to use the small business retirement exemption, you need clear records to show your eligibility and how you calculated the exempt amount. Without…

From DIY bookkeeping to hiring a professional: when should your growing business make the switch is a question many small business owners face once their business finances start to feel harder to manage. At the beginning, it can feel natural to handle your own small business accounting, especially when you only have a handful of…

Setting Up Your Depreciation Schedule and Asset Register for ATO Compliance helps you stay aligned with Australian Taxation Office expectations while making the most of your depreciation deductions. When you have a clear system to track your depreciating assets and how you claim depreciation, you reduce tax-time stress and the risk of errors in your…

Fringe Benefits Tax (FBT) returns: A bookkeeper’s step-by-step guide to accurate FBT reporting helps you connect an employer’s FBT liability with an employee’s reportable fringe benefits amount (RFBA) when reporting is required. Fringe benefits (for example, a company car) can create an FBT liability for the employer and may also create an RFBA for the…