Most business owners wonder how to claim GST for their business. Little do many realise that there are three essential elements to claiming a deduction for a business purchase in your activity statement. Check your eligibility If your business turnover is more than $75,000 per year, the Australian Taxation Office requires you to be registered for GST. 542 Tip: Registering … Read More
Do you know who you’re doing business with?
Whether you are a business owner working with other businesses, or a contractor or employee, there are signs to look out for that may indicate a company is involved in illegal phoenix activity. What is Phoenix Activity? It’s when a new company is generated to renew the activity of an existing company that has been deliberately liquidated to avoid paying … Read More