GST, or Goods and Services Tax, applies to various aspects of our lives, including residential property transactions. Whether you’re buying, selling, or renting a home, understanding GST implications is crucial. In this guide, we’ll break down everything you need to […]
What Is GST on Residential Property? Everything You Need to Know Read More »
The margin scheme is essential in property dealings, specifically for businesses registered for GST (Goods and Services Tax). This scheme offers a method to calculate GST on property sales based on the ‘margin’ between the selling price and the purchase price or
What is Margin Scheme- Understanding Eligibility Criteria in Property Sales Read More »
You’re a small business owner trying to get a handle on your finances. You know you need help with your books and taxes but need help figuring out where to turn. Should you hire a tax accountant or a bookkeeper?
Tax Accountant vs. Bookkeeper: Understanding the Key Differences and Roles Read More »
As a small business owner, managing every aspect of your business can not only be overwhelming but also time-consuming. One of the critical areas where efficiency can make or break your business is in bookkeeping. Accurate financial records are essential
5 Signs You Need to Outsource Your Bookkeeping Read More »
You just bought a piece of vacant land and wonder how GST applies. Don’t worry, you’re not alone. Many property investors need clarification about GST on vacant land purchases. But it doesn’t have to be complicated with the best accountant Melbourne.
GST on Vacant Land: All You Need to Know Read More »
Bookkeeping may not be the most exhilarating part of running a business, but it’s undoubtedly crucial. For small business owners, effective bookkeeping goes beyond mere compliance and financial record-keeping – it’s a foundational practice that enables informed decision-making, facilitates strategic planning,
A Step-by-Step Guide to Bookkeeping for Small Businesses Read More »
Choosing the right tax accountant is crucial for managing your finances effectively, especially when filing accurate and beneficial tax returns. However, many individuals and businesses fall into common traps that can lead to unnecessary complications, financial loss, or both. ‘
5 Mistakes to Avoid When Choosing a Tax Accountant Read More »
Are you a small business owner pondering over payroll taxes? Well, you’re not alone! Understanding payroll tax is essential if you run a business that employs individuals. In essence, payroll tax is a state-based tax that businesses need to pay
Payroll Tax – What Is It, And When Do I Have to Pay It? Read More »
You work hard day in and day out to keep your business running like a well-oiled machine. However, even the most organised business owners can make mistakes when filing their quarterly business activity statement. Don’t let a simple oversight lead
The complex world of Self Managed Super Funds (SMSFs) can be quite daunting, especially when it comes to investments like property acquisition. One particular area that raises many questions is whether SMSFs can purchase property from a related party. Understanding
Can a Self Managed Super Fund Acquire Property From A Related Party? Read More »
