So, you may have recently switched accountants, or you may have just started a new business venture. Perhaps you’ve just figured that you should start taking advantage of the fact that you have an accountant and you need to get your business affairs in order....
Trying to find out the difference between Chartered Accountants and Accountants? When you’re looking for an accountant for your business, you’ll inevitably run into accounting firms that spout about how they have Chartered Accountants. But what exactly is...
Updated: 14 July 2020 If you’re a sole trader or in a partnership, you’re probably trying to figure out if there are any benefits of setting up a Pty Ltd Company. Many clients ask me why they should set up a Pty Ltd company. The answer to that is –...
So you or your accountant has been notified that an ATO review and/or an ATO audit will take place on your tax return. What do you do? Facing an ATO audit is unwelcome scrutiny that no taxpayers would like to be subjected to. Not only that, they can wind up costing...
Deciding on being engaged as an employee v contractor can be two very different things despite a lot of similarities. This can have implications on tax, superannuation, minimum pay and employment laws that may be applicable depending on how a potential employer...
If you own property and use it as your main residence then generally you are eligible for the main residence CGT exemption when you sell the property. What is CGT? CGT is an acronym for Capital Gains Tax which refers to a form of tax that is applied at the time an...
