Y Partners Blog

Playing it Smart in the Sharing Economy

A growing number of Australians are ditching their 9-to-5 jobs in favour of independent task-based contracts. Here's what you need to know about being a gig worker. With the rise of the sharing economy, more Australians are using their homes, vehicles and skills to earn an income through sites like Airbnb, Uber, Car Next Door and Airtasker. But while these companies offer great earning opportunities and flexible working conditions, it's important to understand the financial implications involved. Remember, your freelance employment is a business, not a hobby – and you need to treat it that way. Here are some things to be aware of.  Read more…

Small Business Tax Update

Here is our round-up of the latest small business tax news, featuring the following: 

  • Small business income tax offset
  • Instant asset write-off
  • Taxable payments reporting system
  • Single touch payroll
  • Rental properties and travel expenses  Read more…

Five Accounting Tips for the New Year

Many people set personal health and fitness goals as new year's resolutions. However, many do not consider their businesses health and fitness goals. The beginning of the year is a great time to reflect on the past twelve months and prepare for the next. Here are 5 useful accounting tips to help get you and your businesses finances up-to-date and ready for the year. Read more…