Tax

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Choosing your Business Structure

  • On February 25, 2019
Starting a new business is both very interesting and challenging. There are a large number of things that you need to plan and work on from business systems, Marketing, Sales, Taxes etc However, choosing a business structure is very critical just like the foundation of the house is very critical for the house. The cost […]
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What is Negative Gearing and how does it Work?

  • On February 17, 2019
If you are thinking of buying an investment property to create wealth, it is very likely that you would have heard of the term Negative gearing. It is a common practice when it comes to investing in property in Australia.  In fact, 1.28mn(Source ATO statistics for 2015-16) or 1 in 10 Australians who file a […]
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Single Touch Payroll or STP

  • On February 8, 2019
Single touch payroll (STP) is a change in the way of how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report after each pay cycle. And those reports must be submitted digitally, using Standard […]