If your business has to pay legal fees, you might be wondering if you can deduct them from your taxable income. In the last year, 1.8 million taxpayers claimed deductions on legal expenses – so the short answer is yes. However, the Australian Taxation Office (ATO) has specific guidelines on which legal fees are tax-deductible […]
Darcy Bookkeeping & Business Services' very own tax accountant Brad Reynolds recently appeared on the Your Number Man podcast. He shared his expertise with guiding small businesses with their tax structures and tax accounting best practices. In this episode, learn about business structures (like sole traders, partnerships and incorporated companies), GST, maximising tax structures and […]
Use our free Australian GST calculator tool to work out the amount of GST that must be applied in your transactions. Want to know how to calculate GST on the go? Read on for the easy formula. GST Calculator Enter Amount: Add GST Subtract GST Total GST: Copy result Amount + GST: Copy result In […]
Running a business comes with many challenges and is not for the faint of heart. The many facets of business management can cause a lot of stress for business owners and managers. We’d bet that you already have a variety of business software programmes in play managing a number of these facets. What if you […]
The Sunshine Coast is one of Australia’s fastest growing regions, both in terms of population and in terms of business growth. There has been a huge increase in start-ups and small to medium businesses over the past decade. This has led to an increased demand for Sunshine Coast bookkeeping services. Services like these can help […]
Over recent years, Perth, as with much of Australia, has seen an increase in small businesses. In order to ensure the longevity and success of your business, it is vital that your business is compliant with all relevant reporting and taxation requirements. For those new to owning or running businesses, this can seem quite the […]
MYOB is one of Australia’s favourite cloud-based accounting software products. It offers seamless cashflow management and helps you keep on top of your ATO compliance requirements. As MYOB bookkeepers, we have a wealth of experience with MYOB and have a good sense of how it can help your small business. But does it have the […]
Starting a small business is not a decision to be made lightly. Whether you’re thinking about getting your hands dirty or looking to take your small business to the next level, you need to get on top of your bookkeeping and tax compliance obligations first. Not only will strong small business bookkeeping habits keep you […]
If you've never used accounting software, it can be hard to pick the right one. There are a few important factors to consider.
Many people dream of owning and operating a small business in the Gold Coast, and a minority of people actually do it. If that’s you, congratulations! You are a part of the exciting business ecosystem that makes up this dynamic city. As your business grows, you have no doubt thought about improving your systems to […]
