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 | May 27, 2024 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Starting your own business can be an exciting and rewarding experience, and one of the simplest ways to do it is by becoming a sole trader. As a sole trader, you’ll have full control over your business and be solely responsible for its debts and liabilities.But,...
by Davie Mach | May 19, 2024 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Feeling unsure of how to do a BAS statement? If you’re a goods and services tax registered business (GST), it’s that time of year again when you (or your accountant) need to prepare and submit a business activity statement to calculate your GST obligations or...
by Davie Mach | Mar 14, 2024 | BAS, Tax Returns & Financial Statements, Small Business Handbook
In 2022, the Australian Government introduced the Treasury Laws Amendment (Electric Car Discount) Bill to amend the Fringe Benefits Tax Assessment Act 1986 to exempt cars that are provided to employees for private use with zero or low emissions from fringe benefits...
by Davie Mach | Dec 21, 2022 | Accounting, BAS, Tax Returns & Financial Statements, Small Business Handbook
As any business owner knows, change is a constant part of running a successful operation. What works well at one stage of a business’s development may no longer be the best option as the company grows and evolves. This is especially true when it comes to business...
by Davie Mach | Nov 30, 2022 | Accounting, Accounting, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Medical professionals constantly juggle their day-to-day practice with the business side of things. But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat. While a...