individual tax payer

The Australian tax system has long been a contentious topic, especially when it comes to the disparity between what small taxpayers contribute and the relatively lower share paid by big corporations. While individual taxpayers collectively fork out $330 billion annually through PAYG (Pay As You Go), large corporations contribute only around $100 billion. This imbalance…

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Prepare for taxation return

Will you be ready at tax time? Prepare for your income tax return! Over 12 million Australians lodge tax returns each year. According to the Australian taxation office (ATO), on average, over 350,000 people per year are contacted to correct errors. These errors range anywhere from exclusion of secondary job income to bank interest received.…

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Accounting vs Bookkeeping

What is the role of a Bookkeeper? Cash flow in a small business is what we live by and accurate record keeping is the key to decision making and future growth plans. So why use a bookkeeper over an accountant, or be your own bookkeeper. After all the role of bookkeeper is to generate data…

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