Mark Chapman
Mark Chapman has over 25 years experience as a tax professional in both the UK and Australia, specialising in tax for individuals and SMEs. He is a fellow of the Institute of Chartered Accountants in England and Wales and CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales. Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance.
Mark is also the author of 'Life and Taxes: A Look at Life Through Tax' (Wolters Kluwer CCH, 2017) and the second, third and fourth editions of 'Australian Practical Tax Examples' (Wolters Kluwer CCH, 2019, 2020 and 2021).
Latest from Mark Chapman
Goods and Services Tax (GST) is one of those topics most small business owners know they need to understand but often wish they didn’t have to. It’s not glamorous, it’s not intuitive, and mistakes can be costly. Yet getting GST right is fundamental to running a compliant and financially healthy business in Australia. Whether you’re…
The end-of-year Christmas party is a long-standing tradition for many Australian workplaces. It’s a chance to reward staff, celebrate successes and build team morale. But as with many employer-provided benefits, tax considerations sit quietly in the background. Getting these wrong can lead to unexpected Fringe Benefits Tax (FBT) liabilities — or missed opportunities for tax-effective…
A lot of professional businesses – like medical clinics, law firms, or accounting practices – set up what’s called a service entity. This is usually a separate trust or company that’s owned or controlled by the practitioners themselves, or their family members. So, what does this service entity actually do? It provides all the support…
With just a few weeks remaining until the end of financial year, many businesses will be taking stock of the year just gone and planning for the year ahead. So, what are some of the key deductions your business could look to claim in your tax return? Here’s my A-Z guide to tax deductibility. ADVERTISING…
With the end of the tax year approaching, it’s time to take action to minimise the tax liability for your small business. Here are my top tips for end of year tax planning: Take advantage of the instant asset write off One of the best tax breaks for small business is the instant asset write…
They say McDonalds didn’t get to be the corporate giant it is today by selling burgers; it got there by buying the real estate the burgers are sold from. So, if your business gets to a financial position where it can buy the premises from which the business operates (rather than renting, which is probably…
The ATO has announced an expansion of its benchmarking program for small businesses. Why does this matter? The new set of updated financial benchmarks enables their compliance teams to monitor your business performance compared to other, similar businesses. If your numbers are outside of the benchmark range compared to others in your industry, this may…
The internet is a cornerstone of our daily lives these days. Indeed, many small businesses are so dependent on their “online” presence that they couldn’t survive without it. But what are the tax implications? Businesses use the internet in different ways. Some businesses use their website just for promotions and marketing, while others provide location…
As your business grows you will face choices as to how that growth is financed. Mark Chapman, Director of Tax Communications at H&R Block, explains the tax implications of your choices. In some cases, your business may be sufficiently profitable that future growth plans can be financed from internally generated capital. In most cases,…
The internet is a cornerstone of our daily life these days. Indeed, many retail businesses are so dependent on their “online” presence that they couldn’t survive without it. But, when it comes to the tax implications, the cost and deductions for running your website vary depending on your business and the type of site.…
