What happens when you use a Bookkeeper?

What happens when you use a Bookkeeper?

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...
Payment Arrangements with the ATO

Payment Arrangements with the ATO

2018 Update: 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...
Lost Tax File Number – Is it serious?

Lost Tax File Number – Is it serious?

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 even realise how serious the repercussions can be for failing to protect their TFN from landing in the wrong hands.You...
When to report a Capital Gain

When to report a Capital Gain

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...