Bookkeeping Services
What Happens When My Business Crosses The $75,000 GST Threshold?
Last Updated on Feb 6, 2024 by James Webb GST is a major tax in Australia that most businesses will need to deal with. As a new business owner, it can be difficult to understand all the different tax obligations you have. However, to help small business owners understand GST, we have created this guide…
Read MoreDo You Buy Business Items With Your Own Non-Business Funds?
For business owners who use their own funds to buy items for their business, it is surprisingly common for some to not realise that they need to keep the receipts. Many of these receipts are for tax deductible purchases that business owners can still claim. It is common in small businesses to make these purchases, however throwing away those receipts is as bad as burning cash.
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