5 Reasons Why You Should Hire Professionals to File Your Tax Returns

All salaried individuals or those that earn a monthly income are required by law, without fail, to pay their taxes; failure to which will mean trouble with the ATO. Calculating your taxes is not easy, at least not for everyone. … Read More

Small Business Tax Return: 5 Good Reasons to Hire an Accountant

The typical small business owner believes that they can handle their business on their own. After all, they put time and effort into starting it. They carry out activities such as stock management and invoicing on their own. What they … Read More

Why You Should Lodge Your 2019 Tax Returns Early | Australia

After working for an entire financial year, you’d think that most people would anticipate lodging their tax return like children waiting to open up their Christmas gifts… but alas, this is not always the case. A lot of people will … Read More

Cash vs. Accrual Accounting – Which Should You Use?

Both small and large businesses alike need to understand proper business accounting methods and what they mean for the business. If businesses do not follow correct accounting procedures, fines, penalties, and potential criminal charges might follow. Whether you use an … Read More

Tips for Tax Season

It’s never too early to start preparing for tax season. Whether your taxes are straightforward or complex, there are some tips that we all can use to maximise our tax returns. At GBL Accountants, we want to help all our … Read More

Tax implications for the sharing economy

The ATO is reminding taxpayers who earn income through the sharing economy that they have tax obligations they should consider. Examples of sharing economy services include: Ø  ride-sourcing – providing taxi travel services to transport passengers for a fare; Ø  renting out … Read More