From www.lowelippmann.com.au: Lowe Lippmann Chartered Accountants provides essential tax management tips for small business owners, including keeping accurate records, setting aside GST, and planning for BAS submissions.

It highlights the regulatory requirements for self-managed superannuation funds regarding minimum pension payments, as well as the necessity for not-for-profit organizations to maintain specific records.

Updates on working from home expense claims and a recent tribunal decision affirming a truck driver’s meal expense deductions are discussed, alongside changes in tax guidelines related to working from home expenses.