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...
by welsh-tax | Jun 19, 2025 | Accounting, Australian Taxation Office, Estate Planning, Finance, Starting a Business, Superannuation, Taxation
Fresh Start: How to Set Your Business Up for a Successful New Financial Year With the books closed on the last financial year, now is the perfect time to hit reset, refocus, and get your business in top shape for the year ahead. A little planning now can set the tone...
Recent Comments