{"id":24429,"date":"2020-05-15T09:52:00","date_gmt":"2020-05-15T13:52:00","guid":{"rendered":"https:\/\/www.nevharris.com\/?p=24429"},"modified":"2020-09-01T01:54:13","modified_gmt":"2020-09-01T05:54:13","slug":"12-small-business-tax-myths-debunked-australia-edition","status":"publish","type":"post","link":"https:\/\/www.nevharris.com\/12-small-business-tax-myths-debunked-australia-edition\/","title":{"rendered":"12 Small Business Tax Myths Debunked (Australia Edition)"},"content":{"rendered":"\n<p> Tax management is perhaps one of the most dreaded tasks in business. After all, you probably know someone who knows someone else who was audited by the ATO and their business has never quite been the same again. <\/p>\n\n\n\n<p>But tax time doesn\u2019t need to be so stressful for agency owners. Nor does it have to put you in a precarious situation in terms of your cash flow. <\/p>\n\n\n\n<p>So long as you familiarize yourself with the most common small business tax myths, and implement a tax management system for your business, you\u2019ll be fine come October 31. To make sure you stay in the ATO\u2019s good graces, start by memorizing the truths about these tax myths: <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #1: Australian agency owners only have one tax payment to make. <\/h2>\n\n\n\n<p> Part of this myth is true. In Australia, the tax cycle covers July 1 to June 30. As a agency owner , you\u2019re required to lodge your tax return and all moneys owed by October 31. However, it\u2019s a good idea to make pre-payments to the ATO throughout the year through the PAYG (Pay As You Go) system. This way, you don\u2019t receive a tax bill from the government with a large lump sum that\u2019s due all at once. Instead, your taxes become a more consistent \u201ccost\u201d that you handle alongside your other business expenses.  The more consistent <a href=\"https:\/\/www.nevharris.com\/how-to-strengthen-financial-foundation\/\">your cash flow <\/a>  becomes (and, yes, taxes are part of that), the easier it will be to scale your business down the road. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #2: Taxes are the same for sole traders and companies. <\/h2>\n\n\n\n<p> Income tax rates differ based on how you\u2019ve chosen to run your business: <\/p>\n\n\n\n<p> For sole traders (or individuals) that earn less than $18,200, there is no tax owed. For everyone else, tax rates depend on how much money you make. <\/p>\n\n\n\n<p>For instance, if you earn between $18,201 and $37,000, you\u2019d owe:<\/p>\n\n\n\n<p>$.19 per $1 earned over $18,200 <\/p>\n\n\n\n<p>In the next earning tier, though, a higher fee and flat rate are factored in: <\/p>\n\n\n\n<p>$3,572 + $.325 per $1 earned over $37,000 <\/p>\n\n\n\n<p>For the most part, sole trader taxes are lower than the company tax rate, which currently stands at 30%. The lines might get a little blurred as sole traders work their way closer to and beyond $180,000 a year and the tax burden grows larger.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #3: agency owners can avoid individual income tax by paying themselves a smaller income. <\/h2>\n\n\n\n<p> When you\u2019re the sole proprietor of a business, 100% of the income generated counts towards your individual taxes owed. When you\u2019re the owner of an incorporated business structure, however, you only have to pay individual taxes on whatever salary you generate from the company. <\/p>\n\n\n\n<p>So, for instance, let\u2019s say your agency made $150,000 and you paid yourself a salary of $30,000 from it. <\/p>\n\n\n\n<p>You might be looking at the tax-free threshold of $18,200 and wondering if there\u2019s anyway to spend the rest of that salary on deductible business expenses. That way, the government can\u2019t charge you any taxes on the much-lower salary you paid yourself. <\/p>\n\n\n\n<p>That might be tempting, but be careful trying to massage the numbers to work in your favor. If the salary you pay yourself as a agency owner seems too measly based on your earnings or  compared to the average market rate, that could be grounds for an audit. <\/p>\n\n\n\n<p>In other words, it\u2019s better and safer if you pay yourself an honest wage and then more carefully manage your money throughout the year so you can make all your tax payments \u2014 for the company and yourself \u2014 in full and on time. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #4: Sole traders don\u2019t owe any GST. <\/h2>\n\n\n\n<p> Goods and Services Tax (GST) registration is only optional if your GST turnover is less than $75,000. If you earn more than that, regardless of what type of company you run, expect to pay 10% to cover it.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #5: Side projects aren\u2019t taxed. <\/h2>\n\n\n\n<p> Let\u2019s say you\u2019ve decided to create a course or a plugin on the side. Even if it\u2019s not an official part of your business, it\u2019s still eligible for taxation if you\u2019ve made more than $400 from it.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #6: You can ask for an extension if you receive a tax bill. <\/h2>\n\n\n\n<p> The Australian tax year ends on June 30, which leaves you four months to lodge your tax return with the ATO and then pay off any tax bill you receive. <\/p>\n\n\n\n<p>There are two reasons why you might get a tax bill:  <\/p>\n\n\n\n<ul><li> You didn\u2019t submit any pre-payments over the previous year. <\/li><li>You don\u2019t pay enough in pre-payments. <\/li><\/ul>\n\n\n\n<p> Either way, when that tax bill arrives, payment is due at the same time as your paperwork: October 31.<\/p>\n\n\n\n<p> If you\u2019d rather not have to pay late fees (which will only <a href=\"https:\/\/www.nevharris.com\/how-to-eliminate-credit-card-debt-while-running-a-profitable-business\">add to your growing debt<\/a>), it\u2019s important to budget for and pre-pay your taxes all year long. This way, you won\u2019t be surprised or overwhelmed by a large bill come tax time.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #7: You should claim the maximum on all standard deductions. <\/h2>\n\n\n\n<p> There are certain standard operating costs that agency owners are allowed to deduct on their tax returns. Some of them come with maximum limits, like $150 for clothing or 5,000 kilometers for car-related expenses.  <\/p>\n\n\n\n<p>However, just because they\u2019re \u201cstandard\u201d doesn\u2019t mean you can automatically throw $150 worth of clothes you bought for a web design conference onto your tax return. These standard deductions merely set the rules for what\u2019s eligible and what\u2019s not. <\/p>\n\n\n\n<p>If you didn\u2019t purchase clothing that was required for your job (like if you were a nurse with a formal uniform), that\u2019s not a cost you can deduct. <\/p>\n\n\n\n<p>If, on the other hand, you spent money on something that was directly used in or for your business, you can claim it. But make sure you have a receipt that proves how much you actually spent. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #8: You should find as many \u201chidden\u201d deductions as possible. <\/h2>\n\n\n\n<p> As the working world changes and more people become location independent, the kinds of deductions you can make are changing. However, just because you can now claim your home office as a deduction without fear of an automatic audit, that doesn\u2019t mean you can go crazy with it. <\/p>\n\n\n\n<p>For example, you might try to write off your entire Internet bill as a deduction, even though you only use it six hours a day for work. If you\u2019re going to include deductions like these on your tax returns, make sure to accurately report how much of the out-of-pocket expense went towards your business. <\/p>\n\n\n\n<p>And if you\u2019re thinking about writing off something like a gym membership, you might want to consult with a tax expert first. Unless your brand image is closely tied to your personal health and wellness, that\u2019s going to be a very difficult sell to the ATO. <\/p>\n\n\n\n<p>It\u2019s okay to look beyond the traditional list of expenses when it\u2019s directly relevant to your business. When it\u2019s not, though, it\u2019s best not to push it. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #9: All work-related travel is deductible. <\/h2>\n\n\n\n<p> When we talk about work-related travel, there are two types you might be thinking about expensing. <\/p>\n\n\n\n<p>The first is the cost to travel for a work event, like a professional conference or retreat.  <\/p>\n\n\n\n<p>So, let\u2019s say you traveled to Chiang Mai for an SEO event. The conference was two days, but you decided to tack on a couple extra days so you could see the sights while in town. While you can certainly deduct the cost of the event ticket, your airline and hotel tickets are a bit trickier since the cost of travel isn\u2019t 100% work-related.  <\/p>\n\n\n\n<p> Just as with other expenses, you should only deduct costs that actually pertain to your business. <\/p>\n\n\n\n<p>The second type of work-related travel cost is your commute. <\/p>\n\n\n\n<p>To be clear, you cannot deduct the cost of your car if you commute to an office. <\/p>\n\n\n\n<p>The only way to deduct the cost of your car is if you have to travel during work hours. So, driving to a coffee shop to meet a client would count. Driving home from the cowork space you go to every day, however, would not. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #10: You don\u2019t need a receipt if the business expense costs less than $300.  <\/h2>\n\n\n\n<p> The ATO has a $300 receipt-free rule. However, it doesn\u2019t apply to each business expense you include on your tax return. It applies to the total expenses you deduct. <\/p>\n\n\n\n<p>So, if you plan on spending more than $300 on your business in any given year \u2014 on business travel, your home office, company software, etc. \u2014 keep a receipt of it. <\/p>\n\n\n\n<p>These receipts are how you\u2019ll protect yourself in the case of an audit. They\u2019re also useful if you decide to hire an accountant or other tax professional to step in and handle your taxes for you.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #11: You don\u2019t need bookkeeping software.  <\/h2>\n\n\n\n<p> In the very early days of your business, cash moving in and out of your business might be in small enough amounts where manually lodging your taxes doesn\u2019t seem like a big deal. But it\u2019s those early days when it\u2019s important to put automated systems in place.  <\/p>\n\n\n\n<p> <a href=\"https:\/\/www.nevharris.com\/essential-money-management-apps-to-grow-your-business\/\">Bookkeeping software <\/a>  isn\u2019t just useful for tracking profits and losses. QuickBooks, for instance, can also be used as receipt tracker and tax payment reminder and manager. <\/p>\n\n\n\n<p>As your business grows, you\u2019re going to be so wrapped up in getting new clients through the door that you won\u2019t have time to think about all the things you need to buy or when you need to  stop and make a pre-payment to the ATO. <\/p>\n\n\n\n<p>That\u2019s the beauty of bookkeeping software. It does all of it for you. This means less time you have to spend manually preparing your tax returns every year while also decreasing the amount of risk you take on when it all rides on you. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Myth #12: Your tax agent will take care of everything. <\/h2>\n\n\n\n<p> If you\u2019re thinking, \u201cI\u2019ll skip the software and go straight to hiring an accountant\u201d, it\u2019s important to understand what they can actually do for you. <\/p>\n\n\n\n<p>Accountants will certainly process your tax returns for you. And while they\u2019ll do the best with what you\u2019ve given them, that\u2019s the key thing to focus on \u2014 you still have a role to play in this. <\/p>\n\n\n\n<p>If you don\u2019t do your due diligence and provide your tax agent with everything they need, or you don\u2019t thoroughly review the return they\u2019ve prepared, errors are apt to make their way to the ATO . And your agent won\u2019t be the one responsible when they come knocking at your door with an audit. <\/p>\n\n\n\n<p>That\u2019s why, even if you do hire an accountant, you should still automate the rest with a bookkeeping software. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Steer Clear of These Small Business Tax Myths  <\/h2>\n\n\n\n<p> Everyone has to deal with taxes, from the employed to the self-employed. However, as someone who\u2019s decided to branch out and start their own business, tax management can be incredibly stressful if you don\u2019t know what you\u2019re doing. <\/p>\n\n\n\n<p>If you want to make sure you keep your business audit-free, use these small business tax myths to correctly set up your own tax management system. <\/p>\n\n\n\n<p>If you\u2019re still feeling anxious about managing your taxes, let\u2019s talk. We\u2019d be happy to discuss your questions or concerns, and help you get on the right track so that tax management becomes less of a burden for you and your business. <\/p>\n\n\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-very-dark-gray-background-color has-very-dark-gray-color is-style-wide\"\/>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background is-style-wide\" style=\"background-color:#ffffff;color:#ffffff\"\/>\n\n\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background is-style-wide\" style=\"background-color:#ffffff;color:#ffffff\"\/>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Tax management is perhaps one of the most dreaded tasks in business. After all, you probably know someone who knows someone else who was audited by the ATO and their&hellip;<\/p>\n","protected":false},"author":10,"featured_media":25157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","footnotes":""},"categories":[25],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>12 Small Business Tax Myths Debunked (Australia Edition) - Nev Harris<\/title>\n<meta name=\"description\" content=\"Is your business feeling the heat at tax time? Make sure these 12 small business tax myths don\u2019t get you in trouble with the ATO\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12 Small Business Tax Myths Debunked (Australia Edition) - Nev Harris\" \/>\n<meta property=\"og:description\" content=\"Is your business feeling the heat at tax time? Make sure these 12 small business tax myths don\u2019t get you in trouble with the ATO\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\" \/>\n<meta property=\"og:site_name\" content=\"Nev Harris\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-15T13:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-01T05:54:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nevharris.com\/\/wp-content\/uploads\/2020\/06\/NH-Blogpost-May-15-2020Blog-Feature.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"688\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"nev@nevharris.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nev@nevharris.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\"},\"author\":{\"name\":\"nev@nevharris.com\",\"@id\":\"https:\/\/www.nevharris.com\/#\/schema\/person\/0f8e1b33a4e5a98b249109d4c13ff4a4\"},\"headline\":\"12 Small Business Tax Myths Debunked (Australia Edition)\",\"datePublished\":\"2020-05-15T13:52:00+00:00\",\"dateModified\":\"2020-09-01T05:54:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\"},\"wordCount\":1913,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.nevharris.com\/#organization\"},\"articleSection\":[\"Tax Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\",\"url\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\",\"name\":\"12 Small Business Tax Myths Debunked (Australia Edition) - Nev Harris\",\"isPartOf\":{\"@id\":\"https:\/\/www.nevharris.com\/#website\"},\"datePublished\":\"2020-05-15T13:52:00+00:00\",\"dateModified\":\"2020-09-01T05:54:13+00:00\",\"description\":\"Is your business feeling the heat at tax time? Make sure these 12 small business tax myths don\u2019t get you in trouble with the ATO\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Tax Management\",\"item\":\"https:\/\/www.nevharris.com\/\/category\/tax-management\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"12 Small Business Tax Myths Debunked (Australia Edition)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nevharris.com\/#website\",\"url\":\"https:\/\/www.nevharris.com\/\",\"name\":\"Nev Harris\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.nevharris.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nevharris.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.nevharris.com\/#organization\",\"name\":\"Nev Harris\",\"url\":\"https:\/\/www.nevharris.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nevharris.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.nevharris.com\/wp-content\/uploads\/2019\/08\/favicon-e1593672143236.png\",\"contentUrl\":\"https:\/\/www.nevharris.com\/wp-content\/uploads\/2019\/08\/favicon-e1593672143236.png\",\"width\":140,\"height\":140,\"caption\":\"Nev Harris\"},\"image\":{\"@id\":\"https:\/\/www.nevharris.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.nevharris.com\/#\/schema\/person\/0f8e1b33a4e5a98b249109d4c13ff4a4\",\"name\":\"nev@nevharris.com\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nevharris.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/05190f24d5d066ea43f7e8d6698370f0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/05190f24d5d066ea43f7e8d6698370f0?s=96&d=mm&r=g\",\"caption\":\"nev@nevharris.com\"},\"url\":\"https:\/\/www.nevharris.com\/author\/nevnevharris-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"12 Small Business Tax Myths Debunked (Australia Edition) - Nev Harris","description":"Is your business feeling the heat at tax time? Make sure these 12 small business tax myths don\u2019t get you in trouble with the ATO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/","og_locale":"en_US","og_type":"article","og_title":"12 Small Business Tax Myths Debunked (Australia Edition) - Nev Harris","og_description":"Is your business feeling the heat at tax time? Make sure these 12 small business tax myths don\u2019t get you in trouble with the ATO","og_url":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/","og_site_name":"Nev Harris","article_published_time":"2020-05-15T13:52:00+00:00","article_modified_time":"2020-09-01T05:54:13+00:00","og_image":[{"width":1200,"height":688,"url":"https:\/\/www.nevharris.com\/\/wp-content\/uploads\/2020\/06\/NH-Blogpost-May-15-2020Blog-Feature.png","type":"image\/png"}],"author":"nev@nevharris.com","twitter_card":"summary_large_image","twitter_misc":{"Written by":"nev@nevharris.com","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#article","isPartOf":{"@id":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/"},"author":{"name":"nev@nevharris.com","@id":"https:\/\/www.nevharris.com\/#\/schema\/person\/0f8e1b33a4e5a98b249109d4c13ff4a4"},"headline":"12 Small Business Tax Myths Debunked (Australia Edition)","datePublished":"2020-05-15T13:52:00+00:00","dateModified":"2020-09-01T05:54:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/"},"wordCount":1913,"commentCount":0,"publisher":{"@id":"https:\/\/www.nevharris.com\/#organization"},"articleSection":["Tax Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/","url":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/","name":"12 Small Business Tax Myths Debunked (Australia Edition) - Nev Harris","isPartOf":{"@id":"https:\/\/www.nevharris.com\/#website"},"datePublished":"2020-05-15T13:52:00+00:00","dateModified":"2020-09-01T05:54:13+00:00","description":"Is your business feeling the heat at tax time? Make sure these 12 small business tax myths don\u2019t get you in trouble with the ATO","breadcrumb":{"@id":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.nevharris.com\/\/12-small-business-tax-myths-debunked-australia-edition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Tax Management","item":"https:\/\/www.nevharris.com\/\/category\/tax-management\/"},{"@type":"ListItem","position":2,"name":"12 Small Business Tax Myths Debunked (Australia Edition)"}]},{"@type":"WebSite","@id":"https:\/\/www.nevharris.com\/#website","url":"https:\/\/www.nevharris.com\/","name":"Nev Harris","description":"","publisher":{"@id":"https:\/\/www.nevharris.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nevharris.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.nevharris.com\/#organization","name":"Nev Harris","url":"https:\/\/www.nevharris.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nevharris.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.nevharris.com\/wp-content\/uploads\/2019\/08\/favicon-e1593672143236.png","contentUrl":"https:\/\/www.nevharris.com\/wp-content\/uploads\/2019\/08\/favicon-e1593672143236.png","width":140,"height":140,"caption":"Nev Harris"},"image":{"@id":"https:\/\/www.nevharris.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.nevharris.com\/#\/schema\/person\/0f8e1b33a4e5a98b249109d4c13ff4a4","name":"nev@nevharris.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nevharris.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/05190f24d5d066ea43f7e8d6698370f0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05190f24d5d066ea43f7e8d6698370f0?s=96&d=mm&r=g","caption":"nev@nevharris.com"},"url":"https:\/\/www.nevharris.com\/author\/nevnevharris-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/posts\/24429"}],"collection":[{"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/comments?post=24429"}],"version-history":[{"count":3,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/posts\/24429\/revisions"}],"predecessor-version":[{"id":24433,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/posts\/24429\/revisions\/24433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/media\/25157"}],"wp:attachment":[{"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/media?parent=24429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/categories?post=24429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nevharris.com\/wp-json\/wp\/v2\/tags?post=24429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}