Should you register your business for GST? Many business owners register their businesses from day one, regardless of income. Others, for example, many sole traders, choose not to register for GST until it is mandatory. However, it is common that … Read More
Taxes
Your Q1 2023 Deadlines for the Diary
The new financial year has started with some changes – remember, super is now 10.5%, and most workers should be paid super on all ordinary earnings as the $450 monthly threshold no longer applies. We’ve highlighted some upcoming business lodgment … Read More
Company Director? You’ll need a Director Identification Number from now on
What is a Director Identification Number? During 2021, the government initiated a new system that attaches a unique identifying number to an individual who is a company director. A director has one number permanently attached to them, and this is … Read More
Your Q4 2022 Deadlines for the Diary
Your Q4 2022 Deadlines for the Diary Have you got all your March quarter obligations under control? Soon enough, we’ll be into the last quarter of the financial year, often a busier time for small businesses. We’ve highlighted some upcoming … Read More
Understanding the Basics of Business Taxes
Understanding the Basics of Business Taxes Different business structures pay taxes in different ways. Although there are many taxes that a business might be affected by, the main ones are goods and services tax, income tax, pay as you go … Read More
Streamline your business administration with digital record keeping
Streamline your business administration with digital record keeping Good record keeping is the mainstay of accounts management. It assists you to both meet your compliance obligations and provide verification for all your business transactions. The Government requires that relevant records … Read More
What’s the difference between PAYGI, and PAYGW?
What’s the Difference Between PAYGI and PAYGW? Many people new to running a business and employing people are unsure about the difference between PAYGI and PAYGW. They are not the same thing! PAYG stands for ‘pay as you go’. This … Read More
