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…
In the world of Australian taxes, the Goods and Services Tax (GST) is a big deal. But to calculate GST for your business may not be a daunting task. It started back in 2000 and has become an important part of how the country collects money. This tax system has helped Australia grow and build…
Capital gains tax (CGT) and goods and services tax (GST) are two of the major tax systems in Australia. Although CGT and GST are three-letter names for tax systems and sound similar, their functions differ entirely. In this article, we’ll discuss CGT and GST and how they differ. This will help you understand two of…
In the land down under, the year 2000 brought more than just a new millennium; it ushered in a change in the way Australia managed its taxes. Enter the Goods and Services Tax (GST), a game-changer that replaced the archaic Wholesale Sales Tax and a slew of other indirect taxes. This comprehensive guide takes you…
Do you run a small business in Australia and are curious about the legality and taxes of your business? Taxes in Australia for a small business are well-defined and not way out of the ordinary. This article will allow you to gather enough knowledge before consulting your accountant. Major Taxes For Small Businesses In…
Why Bookkeeping is Important for all Businesses The accounting department must be responsible for one of the most important business operations. The accounting department is responsible for bookkeeping, which means recording and interpreting transactions made by the company. These transactions include both debit and credit transactions. Doing this is necessary to understand a company’s…
A good accounting software helps take a big load off during tax season. An accounting software is the best way to make and maintain a financial report. To help you find a perfect accounting solution, here is the list of Top 5 accounting software. Before we talk about the top 5 software, let’s talk about…
The pandemic taught us a lot of things. How to make coffee, how to make sourdough bread. The one thing we all learned during the pandemic is how easy it is to be a sole trader. In Australia, more than 31% of Businesses are sole traders, and the trend seems to be catching fire worldwide.…
The best time to invest in accounting software is when you have a business. A good online accounting software will help you manage a variety of things. A few of them are expense tracking, invoicing, and even inventory management and if you are a business owner who runs a big operation, some accounting software also…
How do you look for hotels from different websites, do you look at all the e-commerce platforms for hotel booking or are you thinking about trivago, like everyone else? wouldn’t it be wild to have a decentralized network like trivago, but for more than just price comparison? Well then let us introduce you to ONDC…