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Conquer tax deductions and compliance

Claim deductions and stay compliant without the hassle.

Simplify your tax deductions with Lawpath

What are tax deductions for small businesses and companies?

Tax deduction—a legal expense—can help you cut your tax bill, allowing you ways to keep more money in your pocket. Think of deductions as rewards for the essential expenses that keep your business running smoothly.
Whether you’re running a cozy café or a growing consultancy, understanding and claiming these deductions is vital to ensuring your business remains financially efficient and compliant with tax regulations.

Common tax deductions- an overview

Our tax experts will analyse your business structure, identify all eligible deductions, Ensure ATO compliance, and maximise your tax savings!

Operational Costs

Maximise deductions on daily running expenses, from rent to office supplies

Capital Expenditure

Navigate depreciation schedules for your business assets and equipment

Professional Services

Ensure full compliance while claiming fees for essential business services

Human Resources

Optimise deductions for employee-related expenses, including superannuation

Sales & Marketing

Capitalise on tax benefits from your efforts to grow your business

Travel & Transportation

Claim every eligible dollar spent on business-related movement

Financial Expenses

Turn financial obligations into tax advantages

Don’t make these common tax mistakes

Our expert team ensures you claim every dollar you're entitled to - legally and safely.

Personal vs professional blur

Clearly distinguish between personal and business expenses to ensure compliance with ATO guidelines

Shoddy Bookkeeping

Good records = smoother tax time & more deductions plus a simplified audit process

Missed lodgement dates

Adhere to ATO deadlines for BAS and tax returns to avoid penalties and preserve all available deductions

Deduction blind spots

Know your eligible claims or lose out on tax savings

Over claiming

Claim legitimate claim deductions and avoid penalities

Tax obligation planning

Implement strategies to manage cash flow effectively and meet tax obligations on time

Expense classification

Categorise all business costs clearly to ensure optimal tax treatment and reporting

Ace your tax deductions

How Lawpath can help

Review of common tax deductions

Identify and maximise the tax deductions your business can claim.

Bad debt review

Review and write off bad debts to reduce taxable income effectively.

Superannuation review

Ensure superannuation contributions are compliant and optimised for tax benefits.

Fringe Benefit Tax evaluation

Evaluate the tax impact of employee benefits to avoid unexpected tax liabilities.

Concession overview

Get an overview of available concessions to minimise your business's tax burden.

Categorisation of expenses

Categorise expenses accurately to ensure every eligible deduction is claimed.

Accounting and tax made easy

Accounting Advice plan

After signing up we will contact you to check your tax compliance and where you are at with your lodgements.

Tax plan

Receive year-round support from a dedicated tax agent to prepare and submit your entity’s BAS statements and tax return, helping ensure that your business is ATO compliant

Accounting Advice

$179 $139 /month*

*With an annual contract. Billed $1668 in the 1st year

Tax Plan

$300$240/month*

*With an annual contract. Billed $2880 in the 1st year

*The Tax Plan is per entity for businesses with an annual revenue under $400,000. Only future BAS statements and business tax return lodgements are included in this plan. Outstanding lodgements and book-keeping is not included and will be quoted separately. Please refer to the full terms and conditions here.

Discover more tax deduction tips for your business

Renting out an Airbnb? Maximise your tax benefits by claiming all eligible tax deductions for Airbnb hosts in Australia. Learn more in our comprehensive guide.
Discover how Australian doctors can maximise tax returns with this comprehensive guide. Learn about tax deductions, record-keeping tips, and expert advice for filing confidently.
Are you an NDIS provider with questions about taxes? Find tips and tricks to help you manage your finances and stay compliant in our comprehensive guide.
Learn what you can and can’t deduct as a business expense on your tax claims, including computer, meal, loan, and car payment tax deductions.
Are you a tradie in Australia? Check out our guide on ways to maximise tax deductions for tradies while ensuring business tax compliance.
Running a consulting business? Learn how to maximize tax benefits while staying ATO compliant with our guide.

Here's what people say about Lawpath

Frequently Asked Questions

Tax deductions are expenses that can reduce your taxable income, helping you pay less tax. For small businesses, this means keeping more of your hard-earned money.
Tax deductions are expenses that can reduce your taxable income, helping you pay less tax. For small businesses, this means keeping more of your hard-earned money.
You can claim deductions for a range of business expenses, including office supplies, rent, utilities, and employee wages. Be sure to review all eligible expenses to maximise your tax savings.
Maximise your tax deductions today!

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