by Swot Accoountants | Apr 15, 2023 | Business News, Business Training
Small Australian businesses today face a range of challenges that can affect their accounting and financial management. These challenges can be both internal and external, and may require different approaches to overcome. In this blog, we’ll discuss some of the...
by Swot Accoountants | Feb 1, 2023 | Business News, GST, Tax & Compliance
Income Tax for Small Businesses in Australia Starting a small business can be an exciting and rewarding venture, but it’s essential to be aware of the various tax obligations that come with it. In this blog, we will provide you with an overview of income tax for...
by Swot Accoountants | Jan 17, 2023 | Business News, GST, Tax & Compliance
What is GST? Goods and Services Tax (GST) is a 10% tax on most goods and services sold or consumed in Australia. Who must register for GST? If a business has a turnover of $75,000 or more per annum, it must register for GST. Not-for-profit organisations must register...
by Swot Accoountants | Nov 29, 2022 | Business News, Capital Gains Tax (CGT), Tax & Compliance
There are three criteria that need to be satisfied to be able to claim a deduction for additional running expenses while working from home. Taxpayers must be working from home while carrying out their employment duties or carrying on a business They must incur...
by Swot Accoountants | Oct 2, 2022 | Business News, Business Training, Tax & Compliance
Director’s duties and responsibilities One of the fundamental responsibilities of a company director is to ensure that the company is able to pay its debts when they fall due. If directors allow a company to trade while insolvent, they may be acting illegally and be...
by Swot Accoountants | Sep 1, 2022 | Business News, Penalties
Who? All directors of a company, registered Australian body, a registered foreign company, or Aboriginal and Torres Strait Islander corporation will need a director identification number (Director ID). What? A director ID is a unique identifier you need to apply for...
