A Basic Understanding of the BAS System

While the types of taxes you pay may vary, tax obligations are inevitable as a business owner. Therefore, you must understand some basic terms, filing procedures and deadlines in order to avoid tax delinquency. Luckily, having someone in charge of these matters (such as a bookkeeper) can spare you the hassle, but it is still [...]

By |December 15th, 2016|Uncategorized|0 Comments

Did You Know: The ATO Can Cancel Your ABN

Did you know that your Australia Business Number of ABN can be cancelled by the tax office? There are only a few reasons this can happen, and one of them stems from your business’ lack of profitability. Another reason is whether the ATO deems your business to be a hobby as opposed to an enterprise. [...]

By |December 1st, 2016|Bookkeeping|0 Comments