by Debra Anderson | Oct 10, 2016 | Advisory, ATO, BAS, Bookkeeping, Business, Deductions, GST, Industry, Money, MYOB, Partnership, QBO, Small business, Success, Tax, Xero
As a startup it’s easy to get so caught up in the excitement, the product, the service and the marketing that you forget to focus on some of the fundamentals of beginning a business. Getting these foundations right though from the start, will serve you well as you progress on your business journey and down the track you’ll thank yourself for it.
by Debra Anderson | Apr 26, 2015 | ATO, BAS, Bookkeeping, Deductions, GST, Tax
First things first – GST is not a cost – if you are registered for GST. By registering for GST it means you must charge GST on all your sales (if they are in Australia) but it also means you can claim back the GST on any purchases you make that have GST in them. If you are not registered for GST you cannot charge GST nor can you...