by Davie Mach | Jul 17, 2024 | Employers, Accounting & Tax, BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook, Guides, Small Business Handbook, Small Businesses, Tax Planning, Tax Planning, Tax Tips
As a business owner or manager in Australia, one of the most crucial responsibilities you’ll encounter is managing your Business Activity Statement (BAS). Having an Australian business number (ABN) is essential for registering for GST and receiving a BAS automatically...
by Davie Mach | Jun 21, 2024 | Accounting, BAS, Tax Returns & Financial Statements, Bookkeeping, Contractor Handbook
The ATO conducts an audit to verify compliance with your tax obligations and determine if you owe any taxes. The ATO has the power to audit any taxpayer, and they undertake most audits using information matching. The ATO will compare the information you provide with...
by Davie Mach | Dec 8, 2022 | Accounting, BAS, Tax Returns & Financial Statements, Bookkeeping, Contractor Handbook
Any well-established business owner will tell you that investing in your employees’ skills and development is a critical factor in achieving success in your business. It encourages employee engagement, boosts an organisation’s overall productivity, and equips...
by Davie Mach | Dec 1, 2022 | Accounting, BAS, Tax Returns & Financial Statements, Bookkeeping, Contractor Handbook
So you want to start a business in Australia? Great! This country has a lot to offer aspiring business owners. But before you get too excited, there’s one crucial thing you need to wrap your head around: federal government taxes. In Australia, the ATO requires...
by Davie Mach | Dec 1, 2022 | Accounting, BAS, Tax Returns & Financial Statements, Bookkeeping, Contractor Handbook
Over the past decade, the business world has seen a digital revolution. Technologies like email, instant messaging, and video conferencing continue transforming communication and collaboration within each business process. Cloud-based services allow teams to operate...
by Davie Mach | Aug 26, 2021 | BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Doctors are among the highest-earning professionals in Australia. And the higher the income, the higher the marginal tax rate. But did you know that as a medical professional, you’re eligible for a pretty long list of deductions? Unfortunately, however, many doctors...
