You’ve probably heard of GST before – it stands for goods and services tax and is added to nearly everything you buy in Australia. If you purchase goods and services for your business, the price paid is generally inclusive of goods and services tax (GST). Businesses are eligible to claim ‘GST credits’...
Category: Bookkeeping
What is Payroll Tax?
When it comes to tax, its often easy for business owners to become overwhelmed by trying to keep up with thresholds, inclusions, exclusions, and reporting. This can be especially true with Payroll Tax, which is why we’ve put together a short guide to help you better understand what it is,...
E-Invoicing: What it means for your business
As part of the 2021 Federal budget, the government announced $15.3 million in funding to accelerate the adoption of e-invoicing by public services and Australian businesses. Through the adoption of e-invoicing systems and standards such as PEPPOL, the government hopes to reduce business costs and increase the productivity of the...
Top 7 Ecommerce Accounting Software
Every ecommerce accounting software solution promises to save you time and improve your business, so which should you choose?At POP Business, we’ve set up many clients with the right tools for their ecommerce accounting needs. We can tell you from experience – it’s all about finding the right fit.Because every...
How to Calculate Asset Depreciation 101
Most business owners know they need to calculate asset depreciation as a cost of doing business but are unsure of where to startIn this article, we’ll take you through the process of working out your depreciation expense, and show you how to account for the sale of a depreciable fixed...