Jun 14, 2017 | Tax Essentials |
It is important to keep track of the record keeping and accounting aspect of your business. Here are some top accounting tips that can help save you time, money and stress. 1 – Manage your Business’ Cash flow Managing your cash flow is one of the most important...
Nov 9, 2016 | Tax Essentials |
You went into business because you were good at something; you are passionate about it and wanted a certain lifestyle. It is safe to say you did not go into business because you wanted to do bookkeeping! Being a small business owner you will be used to wearing...
Oct 18, 2016 | Tax Essentials |
2018 Update:Â This blog has been reviewed and updated to contain information relevant to payment arrangements. It is not uncommon for businesses or individuals to have trouble paying their tax debts at one stage or another. To help with this, the ATO offers payment...
Sep 27, 2016 | Tax Essentials |
When you first receive your tax file number, you are told how important it is keep it secure and private. Despite this, a lot of people don’t realise how serious the repercussions can be for failing to protect their TFN from landing in the wrong hands. You will...
Sep 21, 2016 | Tax Essentials |
There is a lot of confusion around the timing of when a capital gain is made. The point at which a capital gain or loss is made is called a CGT Event. It is important to establish the timing of a CGT Event as it may affect how your tax liability is calculated and what...
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