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…

Important Tax Tips for Every 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…

What is a BAS and Do I Need to Lodge One?

What is a BAS and Do I Need to Lodge One?

There are terms and acronyms every Australian business owner needs to be familiar with to avoid trouble in tax collection. One of the most common acronyms you’ll hear is BAS. If you’re a new entrepreneur, you’ve probably wondered what it is. In this article, we will talk about what a BAS is, what you need…