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GST for Small Businesses – a Quick Guide

Goods and Services Tax (GST) was introduced on 1 July 2000 and is a tax charged on the sale of most goods and services in Australia. Essentially, businesses do not bear the economic cost of the tax. Businesses registered for GST include GST in the price of sales to...

NSW New Home Grant Scheme

The New Home Grant Scheme was introduced on 1 July 2012 to stimulate the construction of new homes in NSW. The scheme provides a grant of $5000. This will be available to buyers of: •    new homes, whether off the plan or newly built, that don’t exceed $650,000 in...

Knowing When to Change Your Business Structure

Regardless of whether you are a new or existing business, it is important to think about your business structure. As a business grows it undergoes significant changes that can alter your tax requirements, as well as create a need for a change in business structure....

Small Business Budgeting

A budget is vital for any company irrespective of the size. A budget is a financial plan that helps to carry out an organisation’s objectives and strategies. As the English proverb says: Those who fail to plan, plan to fail. Creating a budget suitable for your...