This article, written from an accountant’s perspective, provides an overview of how GST works in Australia and offers guidance on managing GST liabilities. It covers charging GST, claiming GST credits, lodging BAS statements, accounting methods, cash flow management, compliance, and the importance of staying informed and seeking professional advice. The aim is to help business owners understand their GST obligations and manage them effectively.

This article, tailored for hospitality business owners and written from an accountant’s perspective, outlines key strategies for measuring business performance. It covers financial metrics, expense management, customer satisfaction, employee performance, operational efficiency, online presence, market position, financial health indicators, and the importance of professional advice. The aim is to provide a comprehensive view of how to assess and enhance the performance of a hospitality business effectively.

This article, intended for Australian business owners and written from an accountant’s perspective, provides a comprehensive overview of the taxes on company profits in Australia. It covers the corporate tax rate, calculation of taxable profit, payment of corporate tax, dividend imputation system, Capital Gains Tax, Goods and Services Tax, and state taxes. The aim is to guide business owners in understanding the various tax obligations associated with company profits.

This article, from an accountant’s perspective, outlines the benefits of using Xero for business financial management. It covers aspects such as real-time financial overview, cloud-based convenience, invoicing and payments, integration with other tools, bank feeds and reconciliation, collaboration with accountants, reporting and analysis, compliance simplification, and data security. The focus is on how Xero can enhance financial processes, improve decision-making, and contribute to business success.

This article, written for NDIS business owners from a business advisor’s perspective, outlines key strategies for measuring business performance. It covers financial performance metrics, service quality metrics, operational efficiency, compliance, risk management, growth, innovation indicators, and the importance of seeking professional advice. The focus is on providing a comprehensive approach to evaluating both the financial and service-oriented aspects of an NDIS business.

This article, written for business owners from a business accountant’s perspective, explains the various tax consequences associated with selling a business. It covers Capital Gains Tax, small business CGT concessions, GST considerations, income tax implications, employee entitlements, handling business debt, record keeping, reporting requirements, and the importance of seeking professional advice. The focus is on guiding business owners through the complex tax landscape associated with business sales.