Tax Trending Articles

What exactly does a sole trader have to do to ensure they're tax compliant? From GST, PAYG, calculating income tax and record keeping, it can seem overwhelming trying to figure how how to do your taxes properly. In this guide, we go back to basics and break down the key tax requirements for sole...

Registering for GST (Goods and Services Tax) in Australia, means that your business is obliged to include the tax amount in the price you're going to charge consumers.  While registering for GST sounds easy, your business needs to have a turnover of $75,000 to be eligible. But there are a few...

Running your own business comes with a lot of perks as well as some difficulties you need to prepare for, among which are corporate tax and how to prepare for that tax return. You can't do it alone, so you'll definitely need to find a good accountant who'll be able to assist and guide you...

GST reporting is a requirement for every small business owner. Cash and accruals are both applicable in the process of reporting and a small business owner can use either method.  Accrual basis can be advantageous for small businesses because the latter might lack cashflow. But that's only one...

Land tax is a State tax imposed by the Queensland Government on owners of freehold land in Qld.  Fortunately, the land tax year runs from July to June, so at least it is in line with the income tax year!  You may be liable for the tax on land you own as at midnight on June 30.  Exemptions do apply...

Everyone loves that time of the year - the end of the financial year. But before you and your accountant start panicking and stressing over it, there are a couple of tips you should know about small business tax deductions. As a sole trader, you are entitled to claim certain tax deductions you...

Everyone wants to minimise their taxes, especially business owners everywhere in the world and child care providers aren't an exception. Considering that tax evasion is illegal, there are still some ways you can minimise tax bills in a legal manner. If you want to find out how to minimise your...