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