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Month: November 2020
Learn about Your Small Business’ Tax Obligations — and How to Prepare for It
As with personal taxes, if you’re a business owner in Australia, you’ll have to file your tax return for your company’s activities for the financial year. Unlike personal taxes, however, businesses can expect to pay taxes for several categories Read on to learn more about how your small business is going to be taxed and… Read more
Tax Returns 101: What You Need to Know About Lodging a Late or Outstanding Return
Income tax returns are usually lodged every year (the 31st of October for self-lodging individuals and the 15th of May for those who use an accountant to submit their return). Not everyone is able to follow the schedule, however. Some of them may: Have had too many things on their plate to take care of… Read more
Tax Offsets and How You Can Use It to Benefit Your Small Business
Taxation — and having to comply with tax laws — is a subject almost never welcomed with enthusiasm. For many, the system is cumbersome and unnecessarily time-consuming. But, if you’re one of the millions of small business owners in Australia, your situation can even be more challenging due to: Expensive and tedious quarterly Goods and… Read more