Introduction In today’s digital age, a stable internet connection is the backbone of modern businesses. From small enterprises to large corporations, the Internet plays a crucial role in daily operations, communication, and overall efficiency. A reliable internet connection enables seamless communication with clients, partners, and employees, ensuring that everyone staysRead More →
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-pacedRead More →
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, orRead More →
In Australia, businesses with an annual turnover of $75,000 or more are required to register for Goods and Services Tax (GST). If your turnover is less than $75,000, you may still choose to register voluntarily. If you expect your business’s turnover to exceed $75,000 in the next 12 months, youRead More →
A question I was recently asked; “Hello Geoff, I have a question about motor vehicle expense claims. We are full-time cereal farmers, recently I purchased a new car for myself, a medium size SUV. I use this car to attend to all the farming matters that I need to doRead More →
First and foremost, it’s essential to dispel the myth that there is a hard and fast income limit for hobbies versus businesses. In other words, there is no fixed threshold (e.g., $5,999 for hobbies and $6,000 for businesses) that distinguishes between the two. Instead, several factors play a role inRead More →
As an accountant, it’s always important to consider the cost-effectiveness of different business practices, including whether or not to have a merchant facility. This topic was brought to my attention during a recent lunch outing with my wife. We visited a lovely vegetarian eatery that was part of a plantRead More →