Not sure if you’re doing everything right when it comes to paying directors’ fees? You’re not alone. Directors’ fees can be confusing because you need to follow procedural requirements when paying them. There are also ATO rules to be aware of if you want to claim them as a tax...
Category: Business Structuring
How to start a business in Australia
https://youtu.be/FtaIzrsfbA8 Since small businesses account for almost 98% of all enterprises nationally, the question of how to start a business in Australia is indeed a popular one. To help you transform your vision into a viable undertaking, we’ve put together a roadmap, beginning with a general framework of how to...
How do I do a BAS statement? BAS GST guide
How do I do a BAS Statement Unsure about when your tax lodgements are due? Stressing that your BAS statements haven't been done and are now overdue? Are you a new small business and unsure of your GST obligations? Are you wondering, How do I do a BAS statement? Maybe...
Employee or Contractor
It is important to identify whether you are an employee or a contractor, because this affects your tax, super and other obligations. So, what is the difference between employee and contractor? If you don’t have your own business and work for other business, you are an employee. If you are...
What is a nominee director in Australia?
Nominee Director/Australian Resident Director Services The most common reason you require a Nominee Director otherwise known as an Australian Resident Director is to meet the Australian Securities Investment Commission (ASIC) requirements of "having a Director that ordinarily resides in Australia" to create an Australian Company, also known as an Australian...