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All posts by Colin Timmis

Colin Timmis
Colin Timmis is SA head of accounting for Xero
  • Five ways to save money on your tax filing

    The 2017 tax season opened for individuals on 1 July and taxpayers need to start gathering all the supporting documents needed to submit tax returns accurately and on time. If you own a startup or small business, nearly any purchase that helps generate income is tax deductible. While you need to be careful to ensure that these expenses are genuinely claimable, some of these are commonly overlooked and could save you money come tax time. Here are a few tax deductions that you shouldn’t forget, as well as some tips that could save you money in the long term. 1.Home free Many entrepreneurs...