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Franchisee If you are thinking of having a franchise business, then you should have your single identifier number, commonly called Australian Business Number that is often dealt with other businesses, tax offices and agencies. With the ABN registration, you may be...

As an employer, if you are considering hiring a new employee for your organization, then you should meet tax and super obligations. Before you start hiring and engaging them to work, you need to check their work rights i.e. are they Australian Citizens, Permanent...

our place of resident i.e. home is generally exempt from Tax. However, if you have any investment property, build or renovating your property for profit then may be liable for income tax, Capital gain Tax (CGT) and Good and Services Tax (GST). If you have rented out...

If an entity or an individual who is registered for GST is required to lodge a Business Activity Statement, commonly called BAS either on a monthly, quarterly or yearly basis as a tax requirement by ATO.  We as bookkeepers who provide bookkeeping services can help you...

In this new financial year budget, the government has announced to increase superannuation guarantee rate from 9.25 to 9.50% and the rate will remain the same till 30th June 2018. The rate will gradually increase by 0.5% till it reaches 12%....

Australian shoppers who like to buy goods and services from overseas are facing a renewed push to pay GST. The Australian retailers have constantly complained about the loophole saying it puts them at a disadvantage with the overseas competitors and the federal...

Steps that you should know before selling or closing a business : Lodgement and payment – Business should lodge all lodgements and pay all the required obligations owed to the business account. Some of the lodgements may include Business Activity Statements...

As a business owner, You should know that your BAS is due on the 28th February 2015. Failure to lodge your BAS on time will result in administrative penalty. Worried about lodging your BAS? Cannot pay BAS in full? Need payment arrangement? Yes, we can help you! Call...

Cannot make sense of profit and loss Do expenses seem too high or allocations of it are not correct Cannot budget your weekly or monthly income and expense Too many accounts in profit and loss? If any of your answer is yes then, you should not wait to give Reliable...