by Davie Mach | Oct 29, 2018 | All, Accounting, Accounting, Accounting & Tax, Contractor Handbook, Guides, Small Business Handbook, Startup, Tax Planning, Tax Planning
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...
by Davie Mach | Oct 29, 2018 | Accounting & Tax, All, BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook, Startup, Startup
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...
by Davie Mach | Oct 29, 2018 | All, Contractor Handbook, Contracts, Small Business Handbook, Startup, Startup, Startup
There is a lot of conjecture as to whether a written contract is required for all agreements or is a verbal agreement also legally binding? The answer to that is that both verbal or written can be legally binding. However, do we recommend it? And the answer is no. Why...
by Davie Mach | Oct 29, 2018 | All, Contractor Handbook, Startup
Steps you need to take when making the move from permanent to contracting So you have decided that you want to make the switch from permanent to contracting. Leaving the security of a full time permanent role can be quite a daunting move but very rewarding if done...
by Davie Mach | Oct 29, 2018 | Accounting & Tax, All, Contractor Handbook, Small Business Handbook, Startup, Startup, Startup
Business Bank Account Guide for Contractors If you are operating your contractor business under a company, you will require a business bank account under the company name. The company is a separate legal entity and the company’s money must be held by the company. If...
by Davie Mach | Oct 29, 2018 | Accounting & Tax, All, Contractor Handbook, Insurances
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...