Log Books and 1-Tonne Utes: What You Need to Know With the increasing popularity of 1-tonne utes, such as the Ford Ranger, Holden Colorado, and various 4WD dual-cab utes, these vehicles have become common for both business and personal use. As a result, a frequent question arises: Do I need to keep a log book […]
Introduction Established in June 1996, Highland Accounting Services is a trusted registered tax agent and accounting firm located in Adelaide’s northeastern suburb of Gilles Plains. With a team consisting of a full-time accountant and a part-time accountant, we are dedicated to providing excellent service to our clients. In today’s fast-paced business landscape, online accounting software […]
Starting 13th November 2023 the Australian Taxation Office (ATO) has broadened the scope of the Client to Agent linking in Online Services to include the following entities with an ABN; What is Client-to-Agent Linking When you decide to engage the services of a Registered Tax Agent, Registered BAS Agent, or Payroll Services Provider, it is […]
When Do I Register for GST? A Comprehensive Guide for Australian Businesses For Australian businesses, understanding the Goods and Services Tax (GST) registration requirements is crucial for compliance with the Australian Taxation Office (ATO) regulations. Whether you’re a new entrepreneur, an established business owner, or a professional service provider, knowing when and how to register […]
Understanding the distinction between a hobby and a business can be crucial in determining your tax obligations in Australia. Many individuals engage in hobbies that sometimes generate income, and it’s essential to understand when the Australian Taxation Office (ATO) might consider your activity to be a business, subject to tax. Myth of the Fixed Threshold […]
PAYG Instalments: What You Need to Know PAYG (Pay As You Go) instalments is a system administered by the Australian Taxation Office (ATO) that allows individuals and businesses to make regular payments toward their annual tax liability. Instead of paying a lump sum at the end of the financial year, taxpayers can spread their payments […]