Helping small businesses get their expenses right

At Notch Above Bookkeeping, we help our small business clients to understand their entitlements and avoid mistakes in their 2019 tax returns by using resources such as the ATO’s 2019 Small Business Tax Time Toolkit.

To learn about keeping accurate and complete records, see the small business guides on:

• home-based businesses expenses
• motor vehicle expenses
• travel expenses

These guides will help you to understand:

• how claiming expenses varies depending on business structure
• how to apportion between business and private use
• the importance of accurate record keeping.

Learning to use and understand the powerful reports inside Xero are critical to the overall success of your small business. The management team at Notch Above are able to work with you to customise advanced Xero financial reports, while identifying deductible expenses. Call our Xero Platinum Certified team on 1300 015 130 this tax time (throughout QLD and NSW).

Source: ATO