by Stellar Accounts | Business Structure
Registering as a sole trader is a great option for people wanting to start a small business. It’s the simplest and cheapest business structure to set up with very few obligations, unlike other business structures. Being a sole trader is perfect for someone who plans...
by Stellar Accounts | Taxation
Fly In Fly Out (FIFO) Workers & Zone Rebates As a FIFO worker, you may be eligible for a ‘zone tax offset’ if you live or work in a remote or isolated area of Australia (but not an offshore oil or gas rig) for at least half the tax year. These offsets are...
by Stellar Accounts | Accountancy, Capital Gains Tax, Uncategorized
Will you be liable for Capital Gains Tax on sale of the family home? If you are running a small business from home, YES, you will potentially have a capital gains obligation for that portion of your home you use for income producing activities (ie using it as a base...
by Stellar Accounts | UBER Drivers
Are you an UBER Driver? Let us help you with your Tax and GST obligations. Stellar Accounts have been helping UBER Drivers since Sept 2016 understand and meet their income tax and GST obligations. Important things to know about UBER: 1. You MUST have an ABN 2. You...
by Stellar Accounts | Taxation
Stellar Accounts – Our tips to help your small business succeed! Running a small business can be stressful, you have so many hats that you have to wear at different times, it can become quite overwhelming. That is a part of the reason I set up a Small Business...
by Stellar Accounts | Uncategorized
Getting the right advice on GST, tax and super – contact Stellar Accounts for more information 96% of Australian small businesses rely on a tax or BAS agent to help manage their tax and super affairs. Benefits of using a registered agent Using a registered agent...
by Stellar Accounts | Uncategorized
Do you understand when you need to register for GST? It is mandatory to register for GST when your SALES hit $75k in a financial year – ie between 1 July and 30 June. You can also voluntarily register for GST at any time. You can not charge GST on your sales...
by Stellar Accounts | Uncategorized
Preventing Credit Card Fraud Guard your business from credit card fraud There are a few things to look out for to protect your business and minimise the risk of customer disputes and chargebacks. Is the customer placing an unusually large order, or large quantities of...
by Stellar Accounts | Uncategorized
What is the Taxable Payments Annual Report and do you need to lodge one? If you work in the building or constructions field – you are required to lodge a Taxable Payments Annual Report (TPAR) by 28 August each year. Businesses in the building and construction...
by Stellar Accounts | Australian Tax Office, Taxation
Taxation Services – ATO Case Study – Wrongly claiming work related expenses – always check with your accountant/tax agent – like Stellar Accounts if you are unsure. A sales consultant made claims for work-related car, clothing and other...
