Similar Posts
![Home Based Business Expenses](https://www.magnusgroup.com.au/wp-content/uploads/2023/02/home-based-business-expenses-768x643.jpg)
Home Based Business Expenses
Many small businesses use the family home as a base for business. The complexities of what can be claimed versus what is not a deduction can be confusing. Today we have put together a general guide on the issue. There is no formula as to how to claim home based business expenses. But there are…
![Contractor or Employee: ATO’s Cautionary Guidelines](https://www.magnusgroup.com.au/wp-content/uploads/2024/02/Picture1-768x512.jpg)
Contractor or Employee: ATO’s Cautionary Guidelines
Navigating the complexities of employment classifications, the Australian Taxation Office (ATO) issues a stern warning that simply designating a worker as an independent contractor in an agreement does not automatically align with tax and superannuation purposes. The presence of an Australian Business Number (ABN) is also not conclusive evidence of genuine contractor engagement. Clarifying the…
![20 Ways to Grow Your Business](https://www.magnusgroup.com.au/wp-content/uploads/2023/02/iStock-481648342-768x512.jpg)
20 Ways to Grow Your Business
A wise man once said “if you are looking for a 10% improvement, find 10 one percent actions”. We hope you can find ten one percenters to grow your business in this article. Set a business battle Plan of what targets of you want to achieve and then draw up a Budget to fund your…
![Payroll Tax](https://www.magnusgroup.com.au/wp-content/uploads/2023/02/iStock-1303903173-002_220810_065538.jpg)
Payroll Tax
Even though payroll tax is a state-based tax, all wages paid in Australia form a part of the threshold. Example: The Queensland threshold is $1.3M The Victorian threshold is $700K If you have Queensland wages of $1M and Victorian wages of $350K, you are subject to payroll tax in both jurisdictions What contributes to “Taxable…
![Business Boost Grants](https://www.magnusgroup.com.au/wp-content/uploads/2023/02/CRopped_220804_020945.jpg)
Business Boost Grants
How would you like to receive a $15000 Business Boost Grant? The Queensland Government, through the Department of Employment, Small Business and Training (DESBT) has announced this grant recently in support of advancing the improvement in the efficiency and productivity of small businesses. Three (3) project areas of focus for this grant Future Planning of…
![How to spot a shady invoice](https://www.magnusgroup.com.au/wp-content/uploads/2023/04/iStock-1166079140-768x512.jpg)
How to spot a shady invoice
Invoice fraud or false billing happens when an outstanding invoice redirects payment to a fraudulent bank account. This can be done via fake invoices, employee/supplier impersonations or invoice manipulation from an email hacker. Anyone can be a victim to invoice fraud. Australian businesses lost $277 million to payment redirect scams in 2021, according to the…