by Davie Mach | Oct 27, 2022 | Business Structure, Small Business Handbook
When starting a business in Australia, you will need to choose an appropriate business structure. This decision will affect how your business is taxed, your liability level, and the legal obligations you need to meet for compliance purposes. The most common business...
by Davie Mach | Sep 8, 2022 | Contractor Handbook
As anyone who has lodged a tax return will know, deductions can be a lifesaver when reducing your tax bill. But with so many different deductions available, knowing which ones you’re eligible for can be challenging. This guide will walk you through some of the most...
by Davie Mach | Jul 8, 2022 | Accounting
An accountant letter is a document that is used to verify an individual’s or company’s financial status. Banks, landlords, and other institutions often request it when someone is applying for a loan or credit card, trying to rent a property, or seeking...
by Davie Mach | Jul 8, 2022 | Tax Planning
Did you know that as an Australian taxpayer, you could legally reduce your tax liability through a salary sacrifice or salary package agreement? In this article, we’re going to take a look at the various tax implications associated with this option. And while...
by Davie Mach | Mar 16, 2022 | Contractor Handbook, Small Business Handbook
An SMSF (self-managed superannuation fund) is an attractive vehicle for retirement savings for many Australians. Though the setup and administration of an SMSF can be daunting, with proper planning, it can offer tax advantages and greater control over your retirement...
by Davie Mach | Oct 22, 2021 | Accounting, Accounting, Contractor Handbook, Small Business Handbook
Considering the current state of the worldwide economy and the effects of the pandemic, it’s no surprise that business owners are rethinking their exit strategies, particularly in terms of liquidation.Some business owners have seriously weighed up the option of...