January 3rd, 2010

BAS Statement example
BAS Due Dates 2009 - 2010
In order to avoid late lodgement penalty from ATO it is important to know due dates for quarterly business activity statements.
Please note actual due dates for lodgement and payment can vary due to Read the rest of this entry »
Tags: ATO, BAS, Small business
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December 18th, 2009
It is common in a family for a partner to start their own business and as that business grows in order to save time and money they delegate the bookkeeping work to their relatives or friends, who usually do not possess the basic bookkeeping skills. The initial costs of such bookkeeping work are very low, as relatives are often willing to do it for free or for little in return. However, whether this practice saves business money and Read the rest of this entry »
Tags: Bookkeeping fees
Posted in Bookkeeping essentials, Small Businesses | 7 Comments »
November 21st, 2009
To ensure the standards of all bookkeeping services new legislation requires business activity statement (BAS) agents, who prepare BASs for a fee to be registered in accordance with the Tax Agent Services Act 2009. The Tax Agent Services Act 2009 is complemented by Read the rest of this entry »
Tags: BAS
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September 9th, 2009
Investment allowance, such as a tax break, is a tax deduction on the cost of eligible assets.
To be able to take advantage of the investment allowance and claim additional deductions for new business investments one must comply with several criteria, that must be satisfied depending whether it is a small business (SME) or general business Read the rest of this entry »
Tags: ATO, Small business
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April 9th, 2009
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