How to prepare and lodge BAS online

News Article: July 24, 2019 by Oaktree Accounting

Each quarter, GST-registered small businesses submit a business activity statement (BAS) to the Australian Tax Office (ATO). The BAS will show how much GST was collected from customers, and how much GST was paid to suppliers. This lets the business work out their GST bill or refund, what tax needs to be withheld from payroll … Continue reading “How to prepare and lodge BAS online”

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Keeping your tax and expenses in check when you are self-employed

News Article: by Oaktree Accounting

Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to … Continue reading “Keeping your tax and expenses in check when you are self-employed”

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Is it time you upgraded your Business Systems?

News Article: February 23, 2018 by dwaoaktree

Most small business owners can’t afford to think small. They always need to keep their mind on growth strategies to help them achieve long-term profitability. But becoming profitable in the first place often requires business owners to work long hours on a shoe-string budget. They don’t always have time to implement systems that will support … Continue reading “Is it time you upgraded your Business Systems?”

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