Deciding on the structure of your new business is one of the most important decisions you will need to make. Careful consideration of your c

Depreciation is the term used to describe the decline in value of an asset over the asset’s effective life. For example, a new car purchased

While the Business Activity Statement does not carry the romance and drama of an Ancient Greek tragedy, there are still many misconceptions

The ATO expects you to keep certain documents (or more seriously, “written evidence”) of many transactions which you are involved with as a

An important distinction in the world of tax is the difference between a “business” and a “hobby”. Simply put, income received in the course