by Davie Mach | Nov 1, 2020 | Contractor Handbook, Business Structure, Tax Planning
Following the Review of Business Taxation report in 1999, various recommendations were made due to growing concerns that individuals were sidestepping the tax implications of personal services income through the use of interjectory companies. contract As a result,...
by Davie Mach | Feb 21, 2020 | Small Business Handbook, Accounting, Accounting, Contractor Handbook, Tax Planning, Tax Planning
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....
by Davie Mach | Jan 21, 2020 | Contractor Handbook, Accounting, Accounting, News, Small Business Handbook
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...
by Davie Mach | Jan 10, 2020 | Small Business Handbook, Business Structure, Business Structure, Contractor Handbook, Startup, Startup, Startup, Structures
Updated: 14 July 2020 If you’re a sole trader or in a partnership, you’re likely assessing Pty Ltd Company advantages and whether setting up a Pty Ltd Company would be suitable for your situation. Many clients ask me why they should set up a Pty Ltd...
by Davie Mach | Jan 3, 2020 | Small Business Handbook, BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook
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...
by Davie Mach | Oct 20, 2019 | Contractor Handbook, Payroll and Employment
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...
