After spending over a decade helping businesses streamline their financial operations, I’ve seen firsthand how choosing the right accounting software can improve a company’s efficiency. As co-founder of ProfitBooks, I’ve had countless conversations with UAE business owners struggling with their accounting solutions, particularly Sage. Since the introduction of VAT in 2018, managing finances in the…
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Being a business owner is a big deal, no matter where you are in the world. Having said business in the UAE, the ultimate business hub of the world, is an altogether different pride. There are so many aspects of a business a business owner has to worry about, the most important aspect is none…
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If you’re running a business in Australia, you’ve probably heard of the Business Activity Statement, or BAS for short. It’s not just another piece of bureaucratic jargon; it’s a crucial part of managing your finances. BAS is like a financial report card that Aussie businesses must submit regularly to the Australian Taxation Office (ATO). In…
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Australia has a rather simple business structure. Unlike the rather complex 11-type business structures of the UAE, Australia only has four main types of companies that can be formed. In this article, we will talk about all four of these business structures, how they operate and what are tax systems surrounding them. So let’s get…
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To start a business in Australia, you need to first apply for an Australian Business Number or ABN. This is a basic necessity every Aussie business needs to take care of. Taking care of the legality is the number one priority, and every legal step has guidelines that must be followed. According to recent data,…
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Over the years, marketing as a concept has developed a lot. Gone are the days when businesses used conventional marketing techniques such as pamphlet distribution and newspaper advertisements to reach their custom target audience. With changing times and the evolution of technology and advertising platforms, brands have explored digital channels. This is where they get…
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Payroll in general refers to the process of managing employee compensation, including calculating wages, deducting taxes, and distributing payments, usually on a regular schedule, like biweekly or monthly. In Australia, there are certain payroll rules and regulations and a special tax asserted by the Australian Taxation Office (ATO). Australia’s thriving economy and welcoming business atmosphere…
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Are you a budding entrepreneur Down Under? If so, you’ll want to get cozy with the ins and outs of sole trader tax in Australia. Being a sole trader comes with a whole set of perks, like calling the shots and keeping all the profits, but it also means taking the reins when it comes…
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Working on your own (sole trader) or running a company are two ways to go about conducting business. You’ve completed your learnings, put in your hours working for someone else, and now it’s the moment to start your own business. Starting your own thing, even if it means working with the same company as a…
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