I need to wear specific clothing for work, what can I claim on my tax return?

You can claim for clothing that is specific to your occupation, is not everyday in nature and allows the public to easily recognise your occupation – such as the checked pants a chef wears. You can’t claim the tax returns on the cost of purchasing or cleaning clothes you bought to wear for work that are not specific to your occupation, such as a bartender’s black trousers and white shirt, or a suit.

How much does it cost to register a company?

The total fee is $888 which includes all government fees, our service fee and GST. The ASIC registration fee is $463 and our service fee, inclusive of GST, is just $425. For $425 you get the professional advice before, on and after your business registration, Free ABN and GST setup, and also having all your company documentation such as consents, share registry, opening minutes etc. prepared and email to you. For an optional $88 extra One Minute Tax will also print, bind and post your documentation. For optional $49 extra One Minute Tax will also provide a common seal for your company. ASIC also charge an annual fee on the anniversary date of registration, ie if you registered a company today the annual fee would be payable in one years time. Annual fees vary depending on the type of company, they can be viewed on ASIC website.

Accounting - One Minute Tax

JobKeeper 2.0 – The New Requirements

by Alex Zhou | 23/07/2020 | Accounting, Business Tax Return

The future of JobKeeper Between April to May 2020, JobKeeper was taken up by 920,000 organisations and around 3.5 million individuals – 30% of pre-Coronavirus private sector employment. On 21 July 2020, the Government announced an extension of the JobKeeper program to...

8 Ways to Work Effectively with Your Accountant

by Alex Zhou | 12/07/2019 | Accounting, Bookkeeping, Business Tax Return, Financials

When you work effectively with any supplier, consultant or service provider you naturally get more ‘bang’ for your buck. Your accountant is no different. With our decades of experience, we’ve seen it all. Yes, even the good old fashioned ‘show box’. As qualified...

How Should I Choose My Business Structure And The Tax Impact

by Alex Zhou | 04/06/2019 | Accounting

As a qualified and experienced Accountant, we really understand the importance (and differences) of each of the accounting structures a business can setup under. All entities’ types are definitely not the same and we hope this clears up some uncertainty around...

2019 End of Financial Year Checklist For Small Businesses

by Alex Zhou | 08/05/2019 | Accounting

I know many of you are wondering where that first half of the year went. Already we are approaching the end of financial year and everything that involves it. I wanted to get in early with this article to give you as much time as possible to prepare. We do see some...

GST On Property Developments – The Big Changes For Developers And Purchasers

by Alex Zhou | 09/03/2018 | Accounting

If a Bill currently before Parliament passes, from 1 July 2018, purchasers of new residential premises or new residential subdivisions will need to remit the GST on the purchase price directly to the ATO as part of the settlement process. This is a significant change...

The ATO’s FBT Hot Spots 2018

by Alex Zhou | 28/02/2018 | Accounting, Business Tax Return

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the key hot spots for employers and employees. Motor Vehicles – using the company car outside of work Just because your business buys a motor vehicle and it is used as a work vehicle, that alone does...