Posts Tagged: compliance

Setting up your sole trader business for success

I help a lot of sole traders to deal with their tax debt. Often, they don't have a system in place to save for tax, and they come unstuck early in their business. Here are 3 steps a sole trader can take to prepare their business for tax success. The sooner you take these steps, ...

Help! I haven’t lodged my tax return!

There are a lot of reasons why you may not have lodged old tax returns. Whatever the reason, it's important not to let this scare you away from ever lodging them. It's best to 'fess up, get some help, and get them up to date. The ATO is a lot less scary when you go ...

Do I have to keep original tax receipts?

I'm a big believer in the 'paperless office' for Hartigan Law, but how does the ATO feel about it? In another article, I looked at how long you have to keep your tax records. Now I look at the way you actually have to keep these records. When it comes to your business tax records, the tax law simply ...

How long should I keep tax records?

'How long should I keep tax records?'. It's a question I'm often asked. It seems simple enough, but it's actually not that straightforward. The key thing that I tell people is that if the ATO ever questions your tax affairs, then it is up to you to prove the correct amount of tax. It’s ...