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woman studying BAS paperwork

8 Important Things to Check When Preparing Your BAS

If your business is registered for GST, lodging Business Activity Statements (BAS) is part of your obligatory requirements, just like lodging a tax return. While the ATO has made the processed more streamlined, many small business owners...

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Delivering Federal Budget in Parliament House Australia

A Quick Summary of the 2021 Federal Budget

The government has handed down the 2020-21 Federal Budget after a postponement because of the coronavirus pandemic. The announced measures will affect individuals and businesses. Proclaimed as the most significant Federal Budget in decades, Treasurer Josh Frydenberg...

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balance sheet and wine

How to Decode Your Balance Sheet

Do you know the story your Balance Sheet tells you about your business? If you’re not familiar with it, it may seem confusing at first, but it’s actually not that hard once you understand what to look...

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allowable deductions income tax return

Simple Tips To Maximise Your Allowable Tax Deductions

Are you capturing all your allowable tax deductions to make the most of your income tax return? Individuals and employees can claim for general work-related expenses and occupation-specific expenses and working from home expenses. Income The Australian...

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