Australia has a rather simple business structure. Unlike the rather complex 11-type business structures of UAE, Australia only has four main types of companies that can be formed. In this article, we will talk about all four of these business structures, how they operate and what are tax systems surrounding them. So let’s get right…
To start a business in Australia, you need to first apply for an Australian Business Number or ABN. This is a basic necessity every Aussie business needs to take care of. Taking care of the legality is the number one priority, and every legal step has guidelines that must be followed. On that note, in…
Payroll in general refers to the process of managing employee compensation, including calculating wages, deducting taxes, and distributing payments, usually on a regular schedule, like biweekly or monthly. In Australia, there are certain payroll rules and regulations and a special tax asserted by the Australian Taxation Office (ATO). Australia’s thriving economy and welcoming business atmosphere…
Capital gains tax (CGT) and goods and services tax (GST) are two of the major tax systems in Australia. Although CGT and GST are three-letter names for tax systems and sound similar, their functions differ entirely. In this article, we’ll discuss CGT and GST and how they differ. This will help you understand two of…
In the world of Australian taxes, the Goods and Services Tax (GST) is a big deal. But to calculate GST for your business may not be a daunting task. It started back in 2000 and has become an important part of how the country collects money. This tax system has helped Australia grow and build…
In the land down under, the year 2000 brought more than just a new millennium; it ushered in a change in the way Australia managed its taxes. Enter the Goods and Services Tax (GST), a game-changer that replaced the archaic Wholesale Sales Tax and a slew of other indirect taxes. This comprehensive guide takes you…
Do you run a small business in Australia and are curious about the legality and taxes of your business? Taxes in Australia for a small business are well-defined and not way out of the ordinary. This article will allow you to gather enough knowledge before consulting your accountant. Major Taxes For Small Businesses In…
Want to start a small business in Australia? This guide is all about the things needed to start a business in general, such as your business plan and model. We’ve talked extensively from a legal standpoint; on how to start a business in Australia, adhering to the regulations. You will know about the taxes, registration…
Reckon One began its operations in 1987 in Sydney and since then has been a major force in the accounting industry. Its software is one of the best out there but it as any other lacks in some instances. In this article, we will explore the alternatives to Reckon in Australia and comment on how…
Quickbooks is a well-known software for accounting. Other software adheres to the needs of a particular business perfectly or is simply better. In this article, we will explore the Quickbooks alternatives in Australia and comment on their relevance to your business. About Quickbooks Quickbooks is not restricted to a particular range of business models or…