Poor management of the financial aspects of your business can cause premature failure of your young commercial operation. Therefore, you should be diligent in learning some accounting before launching your young or growing company. Under ideal circumstances, you should hire an accountant to help in keeping the books. However, it is possible to get organised and ensure that the finances of your business are in order. Here are some practical tips on streamlining your company’s financial information.…
Tax policies are rarely static laws. The Australian government regularly makes changes and adjustments to tax laws in response to the economic environment or political temperatures. The main sectors of tax policy that undergo regular change are tax deductions, income brackets, and tax breaks.
Since Australia operates on a progressive tax policy (where the higher your income, the higher your tax), there tend to be many different components of tax laws that individuals need to adhere to.…
If you are coming up to tax season, and once again stressing that you make sure everything has been filed on time, you are paying the right amount and no more or less, you have probably considered using a tax accountant to help you prepare and file your returns. However, even for those who do not want to engage a full time accountant, there are several, potentially surprising, ways that tax accountants can help you meet your legal obligations and make the most of your financial situation.…
