Estimating the Medicare Levy as a Sole Trader: Which Financial Figures May Be Relevant?

Estimating the Medicare Levy as a Sole Trader: Which Financial Figures May Be Relevant?

Estimating the Medicare Levy as a Sole Trader starts with understanding which financial figures can affect your taxable income and whether other Medicare-related rules apply. Your business turnover alone does not show how much tax you may have to pay because the Medicare levy is generally calculated using taxable income after relevant deductions.For many sole…

CA, CPA and Bookkeeper: Understanding the Different Roles in Your Finance Team

CA, CPA and Bookkeeper: Understanding the Different Roles in Your Finance Team

CA, CPA and Bookkeeper are different roles and designations that can support the accounting and finance needs of an Australian business. A Chartered Accountant (CA), Certified Practising Accountant (CPA) and bookkeeper may all work with financial records, but their qualifications, responsibilities, professional focus and expertise can vary.The Difference Between a CA, CPA and BookkeeperIf you…