Your Tax Return – Is it Correct?
Given that 84% of Australian taxpayers anticipate receiving a refund and the average size of returns exceeded $3,000 the previous year, it is in your best interest to double-check that…
What Can You Invest Your Self-Managed Super Fund in?
An SMSF is a retirement savings account that allows Australians to invest in a broader range of assets than a traditional superannuation fund. The benefits of an SMSF include controlling…
What is a Profit & Loss Statement
The profit and loss statement (P&L) is a financial statement that shows your company's income and expenses over a given period of time. It's also known as the income statement…
What Is Cloud-Based Accounting and What Are Its Benefits
Cloud-based accounting is a term used to describe storing and accessing financial data and records in the cloud. This type of accounting offers many advantages over traditional on-premises accounting, including…
What to Expect During an ATO Audit
It can be a very daunting experience to be audited by the ATO. The process can be quite confusing and frustrating, especially if you don't know what to expect. But…
What to Know about Boosting Your Tax Refund
If you believe that you always receive the full amount of your tax refund, you might be mistaken. After all, there are always more ways to increase the size of…
Tax Refunds and Returns in Australia: Why Is It Too Low?
It's that time of year again. You've filed your taxes and are eagerly awaiting your tax refund. But when the refund arrives, it's much lower than you expected. Why is…
What You Need to Know Regarding SMSF Audits: A Guide
During tax season, self-managed superannuation funds (SMSFs) are subject to several financial and compliance checks. SMSFs may qualify for tax breaks on investment income if specific requirements are met. One…
Top 7 Common Myths on Hiring Accounting Services, Debunked
Accounting business services are often shrouded in mystery, with many people believing some myths about them. In reality, however, accounting business services are vital to any business and can provide…
5 Ways to Avoid Triggering Small Business Tax Audit
Running a small business is hard enough without worrying about the possibility of being audited by the tax authorities. However, it is important to understand the process of a small…
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