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Are you a budding entrepreneur fuelled by passion and big ideas? Starting a small business is exciting, but uncertainty can creep in when it comes to the financial maze of taxes, bookkeeping, and compliance. An accountant can be your compass, guiding you through financial decisions to set your small business on the path to success. […]
10 Questions To Ask Your Accountant When Starting a Small Business Read More »
Are you a new Aussie business owner? There’s a lot involved in getting your business off the ground. One important aspect is complying with the ATO’s tax regulations. You can’t afford to lose any of your hard-earned profits to the tax man! You’re likely paying income tax, and if you have employees, PAYG withholding, superannuation,
BAS Requirements in Australia: Do You Need To Lodge? Read More »
Do you feel like you’re constantly chasing your tail with business paperwork? You’re not alone. One of the trickiest tasks for many business owners is getting their BAS (Business Activity Statement) right. But what is a BAS, and why is it so important? A BAS is a form businesses submit to the ATO to report
BAS Preparation Blunders: How to Avoid Mistakes Read More »
Owning a business is like owning a car, and lodging a Business Activity Statement (BAS) is like checking your petrol gauge and refilling the tank when needed. Just as your car won’t run without petrol, your business won’t run smoothly without staying on top of your tax obligations. Keeping your BAS up to date keeps
BAS Statements for Sole Traders: A Guide to Stress-Free Tax Time Read More »
Running a small business in Australia is a fantastic adventure. You’re your own boss, calling the shots and building something amazing. But with great power comes, well, a little bit of paperwork. One of those important pieces is the small business BAS.
Small Business BAS: What You Need To Know Read More »
Imagine this scenario: Laura owns a thriving coffee shop in Melbourne. It’s almost tax time, and her accountant has retired. She’ll just find a new one; no big deal, right? After weeks of searching, Laura can’t find a replacement accountant. Deadlines are looming, and Laura is feeling understandably overwhelmed. This story isn’t unique. Unfortunately, many
Australia’s Accountant Shortage: Crisis Mode for Businesses and the Economy Read More »
All Australian business owners, take note: A Business Activity Statement (BAS) isn’t just paperwork; it guarantees crucial compliance with Australian tax laws! Lodging a BAS ensures your business is paying the correct amount of tax to prevent legal issues, build a reputation for reliability, and secure financial benefits through appropriate deductions and credits. How can
Examining BAS Statement Examples To Help You Lodge Your BAS Read More »
In 2024, the cost of an accountant in Australia is more than a financial consideration for small business owners; it’s a strategic decision. While you might be tempted to go for the lowest quote, remember that expertise and reliability can save you money and headaches in the long run. The right accountant will offer more
How Much Does an Accountant Cost in 2024? Read More »
Understanding the ins and outs of Business Activity Statement (BAS) taxes can feel like trying to diffuse a bomb. The wires are confusing, the clock is ticking, and one wrong move can be costly! Take a deep breath- this guide is your bomb squad! We’ll walk you through how to calculate BAS tax for your
How To Calculate BAS Taxes (Learn How Much You May Owe) Read More »
As of June 2023, Australia is home to nearly 2.6 million actively trading businesses. A significant number of those businesses are subject to Business Activity Statement reporting. Think about it: that’s millions of “scorecards” the ATO needs to track to keep the game fair and square. Why? To make sure everyone contributes their fair share
How To Do a BAS Statement in 11 Steps – A Complete Guide Read More »
