

PAYGW vs PAYGI - Understanding the Difference
The ATO loves acronyms. If you spend any amount of time researching the answer to a simple tax question and become faced with alphabet soup


Rethinking the role of an accountant.
An accountant is more than a dull person in a suit that enjoys calculators as a Christmas present (jokes… seriously don’t do that). Your acc


Purchases you should NOT include in your BAS!
Your business may make thousands of purchases within each BAS reporting cycle. However, this does not mean you simply write one eleventh of


What are the GST Consequences of crowdfunding income for your business.
Crowdfunding is an increasingly popular form of raising funds for a project. For some businesses it may be hard to gain a large injection of


Who to turn to during the Christmas Break?
Many firms in the accounting and finance industries take an extended break over the Christmas/New Year period.
While for most businesses, a


What is crowdfunding and what are the income tax consequences?
Crowdfunding is the practice of using internet platforms, benefit events or mail order subscriptions to drive investment for a project, caus


What is a business name?
Whether your business needs to register a Business Name ultimately depends on the specific circumstances of your business. Do you want to tr


What can I claim if I rent a rental property to family?
It is fairly common knowledge that the rent you receive from a rental property is included in your tax return as income, and expenses direct


Is there a standard deduction for car expenses?
The quick answer to this question is: no.
Many tax payers use a car as a part of producing income. By the logic of the Income Tax Assessmen


What does ATO Data Checking mean for your income tax return?
Many see their income tax return as a necessary evil and attempt to play the system to their benefit.
It is important to recognise that your