As the financial year draws to a close, it's important for Western Australian small business owners to engage in proactive tax planning. At Elevate Accounting, we understand that effective tax strategies are not just about compliance—they're about positioning your business for sustained growth and profitability.

The FBT year is almost over. Learn about your obligations here.

In a move reflecting the evolving fiscal landscape and challenges the ATO face with collecting debts, the government is set on amending tax laws to deny deductions for certain interest charges assessed by the ATO.

The electric car market in Australia is set to receive a major boost thanks to the recent passing of the Treasury Laws Amendment (Electric Car Discount) Bill 2022. This bill, which received Royal Asset on 12 December 2022, exempts certain electric cars from fringe benefits tax (FBT), making them a more attractive option for businesses…

Charitable donations are one of the great privileges of running a business. To be able to give back to the local community, organisations and causes that matter is often at the philanthropic core of any business. While the generosity of small business owners across WA does not go unnoticed, are these businesses achieving the most mileage for this support in return?

It is rare to step foot in a retail store or shop online without seeing an option to ‘Buy Now, Pay Later’ at the checkout. With a wide range of providers offering this payment service such as Afterpay, Humm, ZipPay and Wizpay, the Buy Now, Pay Later options make it even easier for the customer to make a purchase without paying the total price upfront.