How A Business Tax Accountant Can Help Your Home-Based Business
From home office expenses to electricity bills, there are a number of deductions a business tax accountant can help you with.
accountant
Developing financial reporting for your business
Having sufficient and up to date accounting records provides vital information for businesses to be able to prepare reports that can determine how they are performing. These financial reports provide summaries of transactions which give an accurate representation of the past, current and future forecast of the business. Therefore, financial reporting should be carried out on a frequent basis.
How to avoid triggering an ATO audit
Sometimes inconsistencies within our individual and business tax can cause significant issues at tax time and may trigger an investigation or full audit from the Australian Taxation Office (ATO). Inconsistencies can occur as a result of honest misjudgements but can also unfortunately be deliberately deceptive too.
New ASIC requirements for company directors
The federal government has recently announced the introduction of new requirements under the Modernising Business Registers program that will see all company directors needing to verify their identity. A director ID is a unique identifier that a director will need to apply for once and keep forever regardless of if they leave the position, change …
What should business owners ask their accountant?
Regardless if you have worked with an accountant for years, or are looking for a new accountant for your business, to get the most out of this relationship, its important that you know what kinds of questions to ask.