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Making the most of EOFY 2022

Making the most of EOFY 2022

With the days, hours and minutes ticking down to the end-of-financial-year, it may be tempting to think there’s not a great deal you can do to minimise your tax payable and help set your business up for success before the June 30 clock strikes. But you’d be wrong.
Here are just a few ideas on how you can make the most of tax time.

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What is an Australian SME?

What is an Australian SME?

What actually is an SME (small to medium-sized business, for those of us who don’t quite know for certain but have been too afraid to ask)? Well, it depends on who you ask. The ATO – unsurprisingly – bases it on income. You’re a small business if your turnover is below $10m.

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