by welsh-tax | Jun 26, 2025 | Accounting, Australian Taxation Office, Finance, Starting a Business, Superannuation, Taxation, Xero
What You Can Claim When Working from Home in Australia (2025) With remote work now a permanent fixture for many Australians, understanding what you can claim on your tax return is more important than ever. The Australian Taxation Office (ATO) has updated its guidance...
by welsh-tax | Jun 19, 2025 | Accounting, Australian Taxation Office, Estate Planning, Finance, Starting a Business, Superannuation, Taxation
Fresh Start: How to Set Your Business Up for a Successful New Financial Year With the books closed on the last financial year, now is the perfect time to hit reset, refocus, and get your business in top shape for the year ahead. A little planning now can set the tone...
by welsh-tax | Jun 18, 2025 | Accounting, Finance, Human Resources, Starting a Business, Taxation, Xero
Ignoring Financial Statements Many business owners focus only on cash flow but neglect key reports like the Profit & Loss statement or Balance Sheet. Without reviewing all financial statements, it’s easy to miss warning signs of missed payments, accounts...
by welsh-tax | Jun 3, 2025 | Accounting, Australian Taxation Office, Finance, Human Resources, Starting a Business, Taxation, Xero
The Importance of Keeping Clean Records: What Every Business Owner Should Know As accountants, we have seen firsthand how well-maintained financial records can make or break a business. Keeping clean records isn’t just about compliance—it’s about setting your business...
by welsh-tax | May 28, 2025 | Accounting, Australian Taxation Office, Finance, Refinancing, Taxation
In today’s financial landscape, building resilience is more important than ever. Whether you’re an individual looking to secure your future or a business owner navigating economic shifts, a strong budgeting strategy is essential. Budgeting isn’t just about...
by welsh-tax | Apr 30, 2025 | Accounting, Australian Taxation Office, Finance, Queensland Government, Starting a Business, Taxation
Small Business Support: $20,000 Instant Asset Write-Off Extension Great news for small businesses! As part of the 2024–25 Budget, the government announced that it will continue supporting small businesses by extending the $20,000 instant asset write-off limit until 30...
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