2018
Three Crucial Tips for Better Tax Deductions for Your Small Business
If you are running a small business, you should plan on hiring a qualified accountant or a tax advisor to help you manage your tax issues. Proper management of your company tax will help you avoid legal problems due to poor accounting. In addition, if you are diligent in tax management, you can claim more deductions and minimise the total amount of paid tax. Here are some practical tips on reducing your cumulative tax for your growing company.
How to Calculate Tax Fringe Benefits When You Have a Large Fleet of Cars
Do you run a significant sales operation where a large number of agents are constantly on the road? If so, you may supply cars for them to use as they call on prospects and existing customers and you need to account for the associated costs very carefully for tax purposes. Over the last few years, you may have been challenged when trying to calculate fringe benefits for those employees, especially as each individual driver seems to develop their own pattern of usage.
Subbie Insurance: Do You Need Public Liability Cover?
If you've decided to work for yourself as a construction subbie, then you'll have to take responsibility for things that your previous employers used to deal with. For example, you'll have to decide how to insure your business and yourself.
While some insurance coverage may not be essential; other coverage is. Will the companies you work for cover you for public liability insurance or do you need to arrange it yourself?