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 | Jul 19, 2021 | Small Business Handbook
Capital gains tax is an unavoidable expense that many investors have to face during their investment journey. Whether you own shares or property, if you make a capital gain on the sale of those investments, you’ll have to pay capital gains tax (CGT) to the Australian...
by Davie Mach | Jul 19, 2021 | Small Business Handbook
In the 2015-16 Federal Budget speech, the Australian government emphasised the role that small businesses play in the economy and announced tax concessions to encourage the growth of existing small businesses. One of the tax concessions, effective as of 1 July 2016,...
by Davie Mach | Jul 18, 2021 | Small Business Handbook
The end of the financial year is around the corner, which means it’s time for small businesses to save some money on taxes. Let’s be honest – no small business wants to pay more tax than they have to. Fortunately, the Australian Tax Office (ATO) recognises...
by Davie Mach | Jul 18, 2021 | Small Business Handbook
The idea of employee share schemes (ESS) has exploded in the last few years, and it’s easy to see why. Not only do employee share schemes have the potential to grow your company’s profitability, but they also offer a chance for employees alike to build wealth...
by Davie Mach | Jul 18, 2021 | Small Business Handbook
Goods and Services Tax or GST is a tax that applies to most goods and services sold in Australia. It’s an important tax for businesses to understand so they can calculate the amount of GST on their products, register for it if necessary, and then pay it! If...
