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Xero for Your Small Business

Xero for Your Small Business

Xero User Guide – Beginner Guide on How to Use Xero Effectively for Your Small Business A couple of years ago, when you needed bookkeeping and accounting service, you had to hire an accountant or bookkeeper. While this is still an option, you have more...
Capital Gains Tax Exemption

Capital Gains Tax Exemption

Main Residence capital gains tax Exemption Have you thought about your intention in occupying the residence? This is because the mere intention to live in a dwelling as the main residence, without ever doing so, is insufficient for you to be eligible for the main...
what does Pty Ltd mean

what does Pty Ltd mean

Proprietary Limited Company – What Does PTY LTD Mean? You may have noticed that most company names end with Pty Ltd. But what does Pty ltd mean? Pty Ltd is the acronym for ‘Proprietary Limited’. When the name of a company ends with Pty Ltd, it means the company has...
Tax Deductions for Doctors In Australia

Tax Deductions for Doctors In Australia

Tax Deductions for Doctors in Australia If you earn your income as a doctor in Australia, you probably have failed to claim tax deductions for your work related expenses at one point in time. You might even not be familiar with the deductions you can claim. As we are...
What is the difference between ABN & ACN

What is the difference between ABN & ACN

What is the Difference Between ABN and ACN? Every business in Australia is required to have an ABN but not every business needs an ACN. The purpose of this post is to help you understand the difference between ABN and ACN as well as the purpose of each. For you to...
Know your tax deductions what you can and can’t claim

Know your tax deductions what you can and can’t claim

Know Your Tax Deductions What You Can and Can’t Claim The Australian tax system depends on taxpayers to perform self-assessment. This means you are responsible for working out the amount to declare and claim on tax returns. You are also supposed to know how you get to...