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 […]
Are you among many taxpayers who are worried because they did not get a PAYG summary? Today is your lucky day as we want to clear this up. You can rest easy as it is not necessary to have a PAYG to do your tax return. In this article, we will discuss all that you[…..]
The residents of Australia are always looking for the best ways to do tax returns. There are those who have some knowledge on how to go about but others have no idea. As a matter of fact, there are many people who end up making serious mistakes when it comes to tax returns. Rather than[…..]
Have you been looking for your Tax File Number and cannot seem to trace it? This can be a scary moment as the TFN is used for tax purposes. The Tax File Number is issued by the ATO and will be required to complete a number of applications. If you want to apply for an[…..]
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[…..]
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[…..]
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[…..]
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[…..]
If you are own a startup business, there are certain things that you need to consider as essential. Most people assume that it is best to do most of the work by themselves so as to cut down on the operational expenses. However, there are mistakes that can be avoided by choosing the right professionals[…..]
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[…..]