Income Support for Individuals Economic response to the coronavirus The Government is providing support for individuals to assist them during the next six months. Increased and accelerated income support Summary The Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 […]
Blogs
24
Mar
COVID-19 Stimulus Package (subject to pending legislation)
Boosting Cash Flow for Employers The Government is enhancing the ‘Boosting Cash Flow for Employers’ measure it announced on 12 March 2020. The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not for-profits (NFPs) that employ people, with a minimum payment of $20,000. These payments will help businesses and NFPs […]
09
Jan
How to Pick the Best Tax Accountant?
As tax season approaches, research has shown that the majority of people hire a tax accountant to help them file their taxes. However, there are many tax accountants who are unqualified to file taxes. That’s why it is important that people understand what characteristics tax accounts should have. Here are some tips to help people […]
08
Nov
Profit and Loss 101: for your business
An income statement (commonly known as a profit and loss statement or your [P&L]), is a critical tool to know as a business owner. It answers the most important question: Is your company profitable? Is it running efficiently? And what opportunities are there in identifying areas to focus on i.e. opportunities for increasing revenue and/or […]
04
Oct
Bookkeeping Service For Small Business
Has it been challenging to look after your Books along with your Core business responsibilities? Is it NOT worth employing a bookkeeper or an Accountant Full time/ Part time for your Business? Struggling to meet the TAX OBLIGATION for the Business i.e. BSA/ IAS lodgments and Tax returns? Has it been time consuming and distracting to […]
25
Sep
Cloud Accounting is The New Black.
We’re sure you have heard about Cloud accounting practices by now, and perhaps wonder what all the fuss is about, or you might be like a lot of our clients and already migrated your accounts into ‘the cloud’. If you have been sitting on the fence, read on to find out what all the fuss […]
15
Jun
Prior Year or Late Tax Returns
Have you missed to lodge your past year Tax Returns? Have you received penalty notice from the ATO? Do you have query regarding your Tax liability to the ATO? Experts at Tax Purpose can answer your all questions! We all know that it is compulsory to lodge an Australian tax return every year, still […]
12
May
Tax guideline for Uber drivers
At Tax Purpose, we specialize in providing comprehensive Bookkeeping and Taxation services to our clients for various industries. We have many success stories of assisting Uber drivers in setting up their ABN and GST registration and providing BAS and TAX Return services. Our duty is to get all Uber drivers to pay lowest possible tax […]
03
Jun
An Experienced Tax Adviser cutting down your Burden
The Best Tax Adviser will reduce the burden of tax by managing your tax filing at the end of every financial year. The charge you have to pay him/her for necessary documentation work is negligible in comparison to the amount of money you will be saving. You have made several investments and saving plans throughout […]
16
Feb
Four Bookkeeping Tips for Business Owners
Financial services must tie these three factors together – customer experience, best practices and reliability/responsiveness – to have an effective web presence. They can’t go hard into one particular area and ignore the others. They have to understand what’s available versus their competitors, what consumers think of their sites versus competitors’ and how their sites are performing.