Change of Business Structure: Sole Trader to Company
Changing your business structure from a sole trader to a company is a fairly common occurence. Most newbie business owners do not wish to incur the higher costs of setting
Category: Business Tax Return
Common Bookkeeping Mistakes That Can Cause the Downfall of Your Business
Running a new business is exciting, challenging and fulfilling. It can also be stressful especially when you are juggling many balls in the air all at once, being everything to
Australia & Singapore Now Share Financial Data to Fight Tax Evasion
The Australian Taxation Office (ATO) and The Inland Revenue Authority of Singapore (IRAS) entered into a Competent Authority Agreement (“Agreement”) on the automatic exchange of financial account information based on
ATO’s Data Matching Program
Have you heard about the ATO’s data matching program? If not, here are some salient points. ATO matches external data with their own to help them ensure that individuals and
Is Your Side Hustle a Hobby or Business?
Nearly everyone knows someone with a side hustle. Just to name a few examples, this may include backyard sale of plants, sale of home-made crafts via Facebook Marketplace, online sale
I am a Sole Trader. Do I pay myself a wage?
A sole trader is an individual running a business. It is the simplest and cheapest business structure. If you operate your business as a sole trader, you are the only
How May I Pay Myself From My Business?
New to running a business and unsure how to pay yourself? Have you been regularly charging personal expenses to your business whenever you need to? Or do you simply take