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Running a small business comes with its fair share of challenges, but understanding your finances shouldn’t be one of them! Bookkeeping isn’t just about keeping records; it’s about playing by the rules, especially those set out by the Australian Taxation Office (ATO). At its core, bookkeeping is the process of recording all a business’s financial […]
What Is Bookkeeping for Small Businesses? Read More »
All Australian business owners, take note: A Business Activity Statement (BAS) isn’t just paperwork; it guarantees crucial compliance with Australian tax laws! Lodging a BAS ensures your business is paying the correct amount of tax to prevent legal issues, build a reputation for reliability, and secure financial benefits through appropriate deductions and credits. How can
Examining BAS Statement Examples To Help You Lodge Your BAS Read More »
Accounting is a vital profession that forms the backbone of the business world. What is an accountant? A professional who prepares, manages, and analyses financial records and reports. They also ensure compliance with financial laws and regulations. Accountants are more than number crunchers; they’re financial storytellers, interpreting financial data to guide businesses toward success.
What Does an Accountant Do? Read More »
On top of all the responsibilities you juggle as a business owner, does managing your employees’ superannuation, in particular, leave you scratching your head? For example, how would you answer an employee when they ask about how to apply for superannuation early? We’ve tailored this guide for small to medium-sized Australian business owners like you.
How To Apply for Superannuation: What Your Employees Need To Know. Read More »
Superannuation is so ingrained in the working Australian’s life that many of us have probably never stopped and really given it a second thought- especially if we’re a long way off from retirement age! But let’s think about it now. Why? Because superannuation is important! It allows you to accumulate savings throughout your career, providing
When Did Superannuation Start in Australia? Read More »
Superannuation is as essential for a comfortable retirement life as a sturdy foundation is to a well-built house. Although thinking about super can often be overshadowed by daily financial worries, it’s important to plan ahead to secure a nest egg that will see you through your golden years. Part of the superannuation process includes understanding
What Are Reportable Superannuation Contributions? Read More »
A Business Activity Statement (BAS) is a form submitted quarterly to the Australian Taxation Office (ATO) by businesses registered for GST to report and pay their tax obligations.
What Is a Business Activity Statement (BAS) & Other Answers About BAS Forms Read More »
As a business owner in Australia, understanding your tax obligations and ensuring compliance can be complex and time-consuming. A Business Activity Statement (BAS) agent can provide valuable assistance and take the stress out of lodging your BAS.
What Is a BAS Agent? A Quick Guide for Business Owners Read More »
Do you dream of the day you can escape the daily work grind? Do you already have a picture in your mind of the retirement lifestyle you would like to have? If so, you’re likely to ask yourself, “how much superannuation do I need to retire?” With the rising cost of living, life expectancy, and
How Much Superannuation Do I Need? Read More »
Are you a new business owner in Australia feeling overwhelmed by setting up payroll taxes? If so, you’re not alone. The idea of navigating the rules and regulations of payroll taxes can be daunting! But the good news is that setting up payroll taxes doesn’t have to be a big deal.
Who Pays Payroll Taxes? Read More »
