It’s tempting to leave dealing with your finances until after the end of the tax year. It’s only a few weeks away now so what difference will it make? Well here are three things that might help you reconsider putting it off until the end of the June. 1. Getting Your Registrations in Order If you’ve […]
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What is GST? GST is the Australian Government’s tax on consumer spending. ‘Goods and Services Tax’ is set at 10% and applies to most goods and services consumed within Australia. A few notable exceptions include exports, ie goods and services leaving Australia, and basic food staples. The intention is for the end user to pay
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If you are starting a business and want to use a business name other than your own name, you’ll need to register a business name with the ASIC. This helps customers know who they are dealing with. For example if Tina Shepherd sold her hats using “Tina Shepherd” as her business name she wouldn’t need
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An Australian Business Number (ABN) is an 11 digit unique identification number used to register businesses on the Australian Business Register. One of the most common questions for people new to selling their crafts and skills is : do I need an ABN? If you are planning on running a ‘business’ then you need to
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