by Davie Mach | Aug 26, 2021 | Accounting, Accounting, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Medical professionals are constantly juggling their day-to-day practice and the business side of things. But, let’s face it, as a doctor, you’ve got your hands full with patient care, so the business side of things and financial planning tends to take a...
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...
by Davie Mach | May 19, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Claiming fuel tax credit can provide a significant reduction in the amount of tax you pay on your business’s operating costs. Yet, claiming these fuel tax credits is often overlooked by many small business owners. To help make the claiming process a bit easier,...
by Davie Mach | May 18, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
If you’re an entrepreneur or director of a small business, I’m sure you’ve heard about setting up a holding company to reduce risk and minimise tax while your business grows. Many people end up setting up holding companies for the protection it offers, but it’s worth...
by Davie Mach | May 11, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Wine equalisation tax is levied on wine consumption in Australia. Wine production makes up a considerable part of the agricultural industry, contributing over $45 billion annually to the Australian economy., What’s more, according to Wine Australia, the wine industry...
by Davie Mach | Mar 23, 2021 | BAS, Tax Returns & Financial Statements, Small Business Handbook
Feeling unsure on how to do a BAS statement? If you’re a GST registered business, it’s that time of year again where you (or your accountant) need to prepare and submit a business activity statement to calculate your GST obligations or the GST refund you’re entitled...
