Choosing to pursue freelance work is a huge step and involves a great deal of risk. You are setting up your own business, pursuing customers and making money from your skills and services. But if you’re successful, freelancing can change your life. Today we are going to discuss freelancing, how to make it your career,
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Is the turnover test based on Net Profit No, it is based on GST Turnover. Net profit is your sales less expenses, however GST turnover is in essentially your sales amount plus sales likely to be made in a test period less some specific exclusions. A sole trader has an ABN but has never lodged
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(updated 8th Aug 2020) Businesses who have been significantly impacted by COVID-19 will be able to access a wage subsidy to continue paying employees. Under the JobKeeper program you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th March 2020. This measure is designed to ensure eligible employers remain
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Small Business Resource Pack (COVID-19) (Updated 15th April 2020) Businesses who have been significantly impacted by COVID-19 will be able to access a wage subsidy called “Jobkeeper” this to assist with continuing to pay employees. Under this JobKeeper program you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th
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Many business owners think that their accountant can do both accounting and financial planning. However, the two roles complement each other, meaning neither professional can do the entire job of the other. A financial planner may know some pretty intricate tax planning ideas and strategies, but an accountant knows how to get the most of
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Not only is a good accountant a valuable resource for the accounting and tax side of your business, they are also great for general advice. As a result, it is important to find the right accountant and work closely with them. How can you increase the chances of getting the right accountant? And how do
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Many small business owners ask if they really need an accountant or if they can simply do it themselves. For small businesses it can seem like a big expense to pay someone to “do the books”. Others ask what a bookkeeper does, and if they are good value. Today we are going to explore small
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The Fringe Benefits Tax (FBT) year ends on the 31st of March. And, with ever increasing budget deficits, the Australian Tax Office is reviewing whether all employers, who should be paying FBT, are paying and are paying the right amount. In order to help you meet your FBT obligations, Siragusa has put together a list
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Do you know the difference between an accountant and a tax specialist accountant? The roles are different, with different specialities. Both have an important role to play in ensuring efficient personal or corporate financial management. And substituting an accountant for a tax specialist can have serious consequences. What is an Accountant? Accounting is a whole
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When starting a new business, you’ve probably heard people say “get a good accountant!” While you’re probably sick of hearing this, partnering with the right accountant can save you a lot of money and headaches in the long run. A great business accountant helps you keep track of how the company is doing, and if
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