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Bookkeeping for Small Business
Adopting some good habits in your small business can help control your cash flow and avoid costly errors. Having a business plan is number one. All businesses have cycles so it always good to project three to six months ahead when it comes to cash flow as you need to know how much money will be coming in and
How do I get a Tax file number?
If you want to lodge a tax return in Australia you will need a tax file number (TFN) to do so. What is a tax file number? TFNs, Tax file numbers are a nine digit number issued by the Australian Taxation Office. Your TFN is yours for life and is the same number even if you change your name, change jobs, move
How do I get a ABN?
If you are running a business you will need an ABN, even if your business is not going to register for GST. However you must also register for GST if you are a business and your current/expected annual turnover is $75,000 or more (or $150,000 or more for a non-profit organisation) and/or you provide taxi travel (regardless of turnover). Click here it find out more
Tax Tips for Small Businesses in Wollongong
Small businesses take up 97 percent of all businesses in Australia. Running your own business has many advantages however the truth is according to the Australian Bureau of Statistics, more than 60 percent of small businesses cease operating within the first three years of starting. ND Accounting supports hundreds of start-up businesses in Warrawong, Shellharbour and Wollongong, with clients also as