Tradies, Don’t Hire Accountant and Bookkeeper For Your Business If They Can’t Answer These Questions

The world is going through various changes and the government is keen on revamping the economy. To this end, there are stringent measures that have been put in place, especially when it comes to tax compliance. This has forced most businesses to look for ways to clean up their books and find bookkeepers. Most tradespeople […]

Top 4 Accounting Software in Australia

Technology has taken over most industries including accounting services. When running a business, most companies hire professionals for bookkeeping and to balance the books. However, this is a challenging task when it needs to be done manually and as such, you should invest in the right accounting software. There are many systems that can be[…..]

Simple Guide to GST in Australia

According to ATO Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Is it compulsory for all businesses to register for GST? Not all businesses need to register for GST. Businesses with annual turnover of $75,000 or more must register for[…..]

Are You a Medical Professional? Here are Tax Deductions for Medical Professionals

There are so many medical experts who offer a wide range of medical services in Australia. Some of the common ones include nurses, physicians, dentists, pharmacists, orthodontists, and general practitioners. These are professionals who are expected to lodge tax returns as well. However, there are so many tax deductions that can be claimed by the[…..]

When Are Tax Returns Due For Companies in Australia

The government of Australia expects everyone who earns money to lodge a tax return annually. For most people, this is a stressful experience and most people end up missing deadlines. Tax returns affect businesses as well and there is a deadline set by the ATO. If you have a company in Australia, you need to[…..]

A Simple Guide to GST in Australia

GST refers to goods and service tax, which is usually a 10% tax on most goods and services which are sold in Australia. If you have a business, you would need to understand how to register, account, and claim credits for GST. This is a simple guide on all you need to know about GST[…..]