Tax Minimisation - Reduce Your BAS
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How to Reduce BAS Payments for Your Business

ByDavie Mach

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 when it’s time to lodge. These regular tax obligations are fundamental to running a compliant…

Winding Up a Company
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Winding Up a Company: 10 Essentials Steps You Need To Take

ByDavie Mach

When winding up a company, you must follow the correct process to ensure that your proprietary limited company has officially ceased to exist. Without doing so, you are still obligated to perform regulatory reporting and incur fees on an annual basis. Furthermore, the company will be at risk for exposure to future liabilities that may…

Working as a Contractor - Must Do's
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Working as a Contractor: Top 10 Contractor Must Do

ByDavie Mach

So you’ve decided that you’re going to be working as a contractor in your industry. Great work! Contractors run their own business and the potential to generate a large income is an attractive option. However, with great reward, comes to a lot more responsibilities. In this guide, we go through some of the pitfalls that…

ATO Payment Arrangement
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7 Detailed Steps to Successfully Organising ATO Payment Arrangements

ByDavie Mach

Organising ATO payment arrangements can help with dealing with tax debts that can be stressful, especially with those unpaid monthly and quarterly amounts incrementally building very quickly. Many small and medium-sized business owners in Australia have a lot of tax to pay to the tax office and can’t afford it. Fortunately, payment plans with the…

8 Things to Look For When Choosing the Right Accountant
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8 Things to Look For When Choosing the Right Accountant

ByDavie Mach

Looking for an accountant? What you should be looking for in an accountant? What benefits can an accountant offer? Finding the accountant who will be the right fit for you can be a long and complicated process. The general view is that accountants are expensive and are only there to ‘fill out forms to keep…

Taking Money Out of a Limited Company
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4 Ways to Taking Money Out of a Limited Company

ByDavie Mach

Taking money out of a limited company for personal use Many contractors choose to operate out of a Pty Ltd company as it is the most suitable structure for them. A Pty Ltd Company is a separate legal entity and thus, all the money and assets belong to the company as opposed to the shareholders…

9 Things You Absolutely Need to Know about Tax
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9 Things You Absolutely Need to Know about Tax

ByDavie Mach

The Tax Guide for Contractors, Consultants, Freelancers and Locums As a consultant, contractor, freelancer and locum there is a range of taxation obligations you are required to deal with. It is important to speak to your accountant or the Australian Taxation Office (ATO) and Office of State Revenue (OSR) to ensure you have met all…

7 Types Insurance for Contractors
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7 Types Insurance for Contractors

ByDavie Mach

What types of insurance for contractors, consultants, freelancers and locums? Contractors in every industry face risk on a daily basis. Thus it is essential to manage those risks by taking up the correct insurances. There are a range of insurances that a contractor can take up to ensure that their business runs smoothly. To choose…

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