The Dangers of DIY Bookkeeping

The Dangers of DIY Bookkeeping

Some business owners fall into doing bookkeeping by themselves to save on cost. This may seem like a quick solution, especially for entrepreneurs who find hiring a full time bookkeeper too expensive for their business. They feel like their profits are not on the level where they can afford to hire a full time employee…

Tax Guide for Businesses in Australia

Tax Guide for Businesses in Australia

Income taxes are one of the most essential payables that you have to pay close attention to in your business. As a business owner, it is imperative that you have the basic knowledge on how you and your business is taxed. By paying the correct amount of taxes on time and by taking advantage of…

How to Enter Stock Trade at the End of the Year

How to Enter Stock Trade at the End of the Year

Stock investing can be a means to build wealth and financial security. As a stock trader, you need to understand your claim tax benefits and deductions on trading related costs. It is also essential to understand how taxes on stocks could affect your tax bill. Without a clear understanding of these, you may fall short…

Tax Obligations of Sole Traders and Companies in Australia

Tax Obligations of Sole Traders and Companies in Australia

The structure of your business has a crucial impact on your business tax obligations. Whether you registered your business as a sole proprietor, a partnership, a corporation or a limited liability company, you would want to have a good idea about your tax obligations and how you can achieve the best tax outcome. Different business…