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Next Steps After Choosing Your Business Structure

Next Steps After Choosing Your Business Structure

by welsh-tax | Jan 10, 2025 | Accounting, Australian Taxation Office, Finance, Starting a Business, Taxation, Xero

Next Steps After Choosing Your Business Structure Starting a new business is an exciting journey, now that you have chosen the structure of your business, there are several important steps to take to ensure a smooth launch. Here are a things that might help you...
Choosing the right business structure

Choosing the right business structure

by welsh-tax | Dec 19, 2024 | Accounting, Australian Taxation Office, Estate Planning, FBT, Finance, Queensland Government, Refinancing, Superannuation, Taxation

Choosing the right business structure is a crucial step when starting a new business. It defines who owns and operates the business, affects your tax and registration requirements, determines your legal liabilities, risk and obligations. The structure chosen also...
Starting a business is an exciting venture!

Starting a business is an exciting venture!

by welsh-tax | Dec 18, 2024 | Australian Taxation Office, Finance, Refinancing, Superannuation, Taxation

Starting a new business is an exciting venture, filled with opportunities and challenges. As an accounting firm we have seen first-hand how crucial it is to lay a strong foundation from the beginning. Here are three essential tips to help you get started on the right...
Understanding the New Client Linking Process by the ATO

Understanding the New Client Linking Process by the ATO

by welsh-tax | Nov 27, 2024 | Accounting, Australian Taxation Office, Taxation

The Australian Taxation Office (ATO) has introduced a new client-to-agent linking process to enhance security and ensure that only authorised agents can access your business information. This new process is mandatory for all businesses with an Australian Business...
Five Essential Rules for Record Keeping

Five Essential Rules for Record Keeping

by welsh-tax | Nov 27, 2024 | Accounting, Australian Taxation Office, Taxation

Important tips on record keeping that can help you stay organised and compliant with the Australian Taxation Office (ATO). Here are the five golden rules: Keep All Records: Make sure to keep every document related to your business transactions. This includes receipts,...
Protect Your Business: Tips to Spot a Scam

Protect Your Business: Tips to Spot a Scam

by welsh-tax | Oct 30, 2024 | Accounting, Australian Taxation Office, Estate, Estate Planning, FBT, Finance, Queensland Government, Refinancing, Scams, Superannuation, Taxation, Xero

In today’s digital age, scams are becoming increasingly sophisticated, targeting business owners through emails, text messages, and phone calls. At Welsh Tax, we want to help you stay vigilant and protect your business from falling victim to these scams. Here are some...
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