by Emma Hahnel | Oct 9, 2025 | Uncategorized
Falling behind on tax or BAS payments can happen to any business — especially when cash flow is tight. In the past, the ATO was more flexible in allowing payment plans to be set up. But recently, it’s become noticeably harder to arrange them, and the conditions can be...
by Emma Hahnel | Sep 24, 2025 | Uncategorized
Renting out a room or property through Airbnb or other short-term platforms can be a great way to earn extra income—but it also comes with tax obligations. The Australian Taxation Office (ATO) has ramped up its data-matching capabilities and is closely monitoring...
by Emma Hahnel | Sep 8, 2025 | Uncategorized
Many business owners are puzzled when their accountant tells them they’ve made a profit, but their bank account tells a different story. If you’ve ever asked, “Where did the money go?”, you’re not alone. The answer lies in the key difference between profit and cash...
by Emma Hahnel | Aug 28, 2025 | Uncategorized
When you sell a property in Australia, you may make a capital gain—the difference between your sale price and the cost base (what you paid for the property plus certain expenses). This gain is subject to Capital Gains Tax (CGT), which is included in your income tax...
by Emma Hahnel | Aug 11, 2025 | Uncategorized
Depreciation is a key concept in business accounting and taxation, but many business owners are unclear about how it really works—especially the difference between accounting depreciation and tax depreciation, and what happens when you sell an asset. Let’s break it...
by Emma Hahnel | Jul 24, 2025 | Uncategorized
Many Australians start a hobby simply for enjoyment—whether it’s baking cupcakes, making jewellery, or selling handmade crafts online. But what happens when your weekend passion starts bringing in steady income? You might be crossing the line from hobby to...
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