The importance of PAYG Payment Summaries (From a Business Point of View)
Running a business can mean a lot of paperwork; especially since “paperwork” may not always mean physical files. Being overwhelmed with documents and reports may make you yearn for one less reason to create something [...]
Understanding the Differences Between a Bookkeeper and an Accountant
Like many outside of the field of accounting, you may be unclear about the differences between a bookkeeper and an accountant. As a business owner, this differentiation is important to make since it will help [...]
6 Tax Terms All Business Owners Should Become Familiar With
Running a business means paying taxes, but this can be confusing if you do not know where to start. Below are just some of the terms you will be expected to become familiar with. Other [...]
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, [...]
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 [...]
What Is Accident Insurance?
Many times, your health or medical insurance policy will cover regular doctor visits, wellness checkups, and prescription medication. However, it might not provide coverage in the event of an injury or death due to an [...]