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.

Financials - One Minute Tax

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As coronavirus has changed the way we work and live, and how Australian small businesses operate. I have revisit this post originally posted in 2016 comparing the most popular payment solutions for small businesses. Time flies, it has been more than 4 years since, the...

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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...

2019 Budget Summary & Highlights

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Well, the Federal Budget was handed down on Tuesday night 2nd April – about a month or so earlier than the usual May date. As we are a Melbourne accounting firm, I’ll focus on the impacts particularly for Victoria and to business and tax payers generally. Prime...