What is Payroll Processing and Why is It Important?

What is Payroll Processing and Why is It Important?

Payroll processing is a major financial responsibility for businesses with employees. Employers are required to compensate their employees for all work time, including attending meetings and opening and closing retail stores. Salaries must be disbursed monthly through...
BAS Due Dates 2024 for Lodging and Paying BAS

BAS Due Dates 2024 for Lodging and Paying BAS

Today’s blog post will share information on BAS due dates in 2024. Let’s know when you should lodge and pay BAS to avoid penalties. BAS Lodgment and Payment You will have several options for lodging your business activity statement (BAS). Filing electronically is...
What are Non-Commercial Losses and How to Defer Them?

What are Non-Commercial Losses and How to Defer Them?

See how you might be able to offset your business loss against other income if you are a sole trader or in a partnership. What are non-commercial losses? If you have a business that is not your main source of income and operates with a commercial purpose, you may...
What is GST in Australia?

What is GST in Australia?

The Goods and Services Tax is a tax imposed on most goods and services in Australia. It is also known as a consumption tax because it is charged on things we consume rather than being applied to our income. To learn more about GST, read this blog. How does GST work in...
What are Deferred Non-Commercial Business Losses?

What are Deferred Non-Commercial Business Losses?

You may have heard of deferred non-commercial losses. If you are not familiar with this concept, it would be worth reading this blog. Here is detailed information regarding non-commercial business losses. What is deferred non-commercial business loss? A non-commercial...