by welsh-tax | Jul 16, 2025 | Accounting, Australian Taxation Office, Finance, Starting a Business, Taxation, Xero
Cash vs Accrual Accounting: What’s the Difference? When it comes to recording your business’s income and expenses, there are two main accounting methods: cash basis and accrual basis. Both have their benefits—it just depends on what works best for your business....
by welsh-tax | Jul 11, 2025 | Accounting, Australian Taxation Office, Taxation, Xero
The Goods and Services Tax (GST) is a broad-based tax of 10% on most goods, services, and other items sold or consumed in Australia. If your business has a GST turnover of $75,000 or more , it must be registered for GST with the Australian Taxation Office (ATO). In...
by welsh-tax | Jul 11, 2025 | Accounting, Australian Taxation Office, Finance, Taxation, Xero
The Australian Taxation Office (ATO) has recently extended the amendment periods for certain taxpayers—a change that could make a big difference for individuals and business owners alike. What’s Changed? Previously, most individuals and small to medium businesses had...
by welsh-tax | Jun 26, 2025 | Accounting, Australian Taxation Office, Human Resources, Starting a Business, Super Guarantee Threshold, Superannuation, Xero
Juggling Multiple Jobs in Australia: Tax Implications & Benefits With the rising cost of living and a growing economy, more Australians are taking on two or more jobs to boost their income. Whilst the extra cash can be a game-changer, it’s important to understand...
by welsh-tax | Jun 26, 2025 | Accounting, Australian Taxation Office, Finance, Starting a Business, Superannuation, Taxation, Xero
What You Can Claim When Working from Home in Australia (2025) With remote work now a permanent fixture for many Australians, understanding what you can claim on your tax return is more important than ever. The Australian Taxation Office (ATO) has updated its guidance...
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