If you’re about to embark on a ride-sourcing side hustle, or have already started one, then you might be wondering how you can keep your Uber driver tax return right without getting on the wrong side of the ATO. Uber makes it clear that its drivers are not employees or...
Category: Tax
Accountants for doctors
For many medical professionals, handling financial matters can be challenging at the best of times. But in a post-COVID world where time and resources is stretched to the limit, accountants for doctors play a pivotal role to ensure those looking after the nation’s health are able to manage their books,...
Difference between hire purchase and leasing
Hire purchases, leases and their differences Making the correct financial decisions is a difficult but integral component to running a successful business. Often, your decisions may revolve around the purchase of assets such as machinery, vehicles and property. When considering such purchases, you will likely look into terms such as...
Sorting out overdue tax returns and missed lodgements
Keeping your tax affairs in order is usually the last thing on your mind when you’re building a client’s house or fixing a drain pipe. But if you’re a small business owner or an independent contractor, your bookkeeping, tax, superannuation, and BAS returns are just as much a part of...
ATO Single Touch Payroll
Single Touch Payroll (STP), is a new way of reporting tax and superannuation information to the Australian Taxation office (ATO). With STP you report employees' payroll information – such as salaries and wages, pay as you go (PAYG) withholding and super – to the ATO each time you pay them...