Blog Posts by Jessie

A business checklist for Tax Day

Now that the 2024 financial year has come to an end, it is time to start thinking about preparing for your year-end tax work. There are many things to think about when trying to prepare for your business’s tax and it can get overwhelming when you aren’t sure what you need to provide. So here […] Read More

Understanding Non-Commercial Losses

What are non-commercial losses? A non-commercial business loss is a loss you incur, either as a sole trader or in partnership, from a business activity that isn’t related to your primary source of income. Think hobbies, side businesses, or personal ventures. In Australia, the ATO has specific rules and criteria to determine if an activity qualifies […] Read More