Tax

You’ve put your heart and soul into building your business, but all it takes is one tax scam to jeopardise everything. It’s a nightmare scenario, but sadly, it happens far too often. That’s why defending your business from scams is more than just a precaution; it’s a necessity.  Scammers are getting smarter by the day, […]

Managing finances is pivotal to success in the dynamic world of Australian small business. In this fast-paced landscape, getting caught up in the daily grind is easy. However, one crucial element should never be neglected amidst the hustle: tax planning for small businesses. Strategic financial planning can not only save you money but also provide

Let’s face it: payroll management is a crucial aspect of running a business. It’s more than just ensuring your employees get paid on time; it involves adhering to complex tax regulations, keeping meticulous records, and, most importantly, ensuring your employees are happy.  Many businesses, irrespective of their size, often grapple with the intricacies of payroll

In the business landscape, change is inevitable. Whether due to retirement or unforeseen events, leadership transitions are a natural part of the corporate journey. However, these transitions can often be difficult, especially the financial factors. This is where succession planning accounting services step in, offering valuable support to businesses as they navigate the complexities of leadership

Business Activity Statements (BAS) and Goods and Services Tax (GST) management are vital to running a successful business. To help you navigate the complexities of BAS and GST, the team at GC Accountants has compiled a comprehensive list of expert tips. Our tips will ensure you maintain accurate records, claim the proper GST credits, avoid

Running a business in Australia can be immensely rewarding, but it also comes with its fair share of challenges—particularly regarding taxes. A lot of business owners find themselves wondering, ‘What is Tax Planning? As tax regulations evolve and become increasingly complex, businesses often struggle with compliance issues and hefty tax liabilities.  This is where the

With the holiday season approaching, many employers and businesses want to reward their staff and loyal clients/customers/suppliers. An employer holds a Christmas party for its employees and their spouses. The cost of food and drink per person is $250 and no other benefits are provided. If the actual method is used: For all employees and

At GC Accountants we make tax time easy for you while we work hard at getting you the biggest refund possible – come and see us today – new clients receive a $60 discount!! This offer is valid from 1 August to 31 October.

The ATO has recently advised that they are “setting their sights on the large number of mistakes, errors and false claims made by rental property owners who use their own property for personal holidays”. While it confirms that the private use of holiday homes by friends and family is entirely legitimate, the ATO states that