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…
Tag: business
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
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…
Important Tax Tips for Every Business
Business owners may feel a little overwhelmed every end of the fiscal year. It is during these times that businesses need to carry out specific procedures to close their books and fulfill obligations to the ATO. For every business, staying on top of company tax obligations and ensuring that all necessary documents are complete in…
