Business Tax Tips
Here at Advantage Accountants (SA) we believe the best Tax Tip for businesses, is to be prepared! So many business owners and managers neglect this and without being prepared, are not putting their business in the best position at Tax Time to save $$$.
Information is the key and we have developed a Check List for businesses to use. Please see the Business Tax Time Check List below:
Business Tax Time Check List
| Accounting Fees | Lease Payments |
| Advertising and promotional | Legal Fees |
| Bad Debts | Materials and Supplies |
| Bank Fees | Merchant Fees |
| Borrowing Expenses | Motor vehicle Expenses |
| Courier and Freight charges | Postage |
| Cleaning and Rubbish Removal | Printing and Stationery |
| Commissions | Protective Clothing/Laundry |
| Contract Payments | Rent on Land and Buildings |
| Depreciation | Repairs |
| Donations | Replacement Tools |
| Education Expenses | Ordinary Salaries/Wages |
| Electricity | Contract/Sub-Contract Labour |
| Filing Fees | Professional Subscriptions |
| Fuel and Oil | Publications |
| Guard Dogs | Stock on hand |
| Government Fees and Charges | Sun Protection |
| Hire and Rent of Plant and Equipment | Sundry Expenses |
| Home Office expenses | Superannuation |
| Insurance | Telephone and Internet |
| Interest | Travel and Accomodation |
This Check List may not apply to every single business model, but it is a good general Check List for you to use to ensure your business is prepared for Tax Time. If you prefer, we can assist you with this process and offer sound advice on how to make sure you business bookkeeping is up to date and ensure you are prepared for Tax Time. If you would like to find out more about how Advantage Accountants (SA) can help you with this, please contact our Office.