How to fix errors in your GST treatment
If you have made an error in your gst return, ato has a formal framework for correcting them, and for most small businesses the process is straightforward. There are two categories of errors: Credit errors are ones where you reported too much GST payable, or claimed too few input tax credits — you overpaid the ATO. […]
Multi-Currency Accounting in Xero: A Guide for Australian Ecommerce Sellers
Multi-currency accounting in Xero: a guide for Australian ecommerce sellers You sell on Amazon US. Your Stripe account holds USD. Your Payoneer wallet has a bit of GBP sitting in it from a UK sale last month. Every so often, funds convert to AUD and land in your Australian bank account — sometimes at a […]
The impact of the new 12.5% US trade tariff
New 12.5% US trade tariff: what Australian exporters need to know “This imposition of higher tariffs on Australia is unjustified and we will continue to lobby the United States trade representative to remove all tariffs on Australian goods.“ — Trade Minister, Don Farrell. You will have seen in recent news that the Trump administration has […]
Tax planning helps you do more with your money
Strategic tax planning: how Australian businesses can keep more of what they earn Tax planning is a strategic approach to managing your business’s financial affairs, with the aim of legally minimising your tax liability. In other words, you plan ahead to make sure you pay the taxes you should be paying, but not a penny […]
Ten hot questions to ask yourself as a business owner
Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge if your aim is to grow and scale the company. As experienced professional business advisers, we know the value of taking the time to ask yourself some pertinent questions. […]
Etsy Accounting for Australian Sellers: GST, Fees & Profit Tracking (Sydney)
Etsy accounting for Australian sellers: GST, listing fees and profit tracking Etsy is one of the few platforms where the accounting can feel harder than the business itself. You’re a maker, not a bookkeeper. You’ve priced your products based on materials plus something for your time. Then Etsy takes a slice through fees you didn’t […]
The New 30% Tax on Discretionary Trusts – What We Know So Far
The new 30% tax on discretionary trusts – what we know so far In the 2026–27 Federal Budget, the Government announced that it would introduce a 30% minimum tax on discretionary trusts from 1 July 2028. Here are the highlights of what we know so far. What’s changing? From 1 July 2028, the trustee of […]
eBay seller accounting in Australia: fees, GST and how to stay compliant
eBay seller accounting in Australia: fees, GST and how to stay compliant Selling on eBay Australia looks simple from the outside. List a product, make a sale, get paid. But once you’re doing any meaningful volume, the accounting behind it is more involved than most sellers expect and getting it wrong has real consequences with […]
Plain English guide to cashflow
Plain English guide to cashflow Why is cashflow so central to good financial management? Here’s our plain English guide. What is cashflow? Cashflow refers to the movement of money into and out of your business over a specific period. In the most basic terms, cashflow is the process of cash moving out of the business […]
Amazon FBA Accounting for Australian Sellers: The Complete Guide
Amazon FBA accounting Australian sellers: the complete guide Most Australian Amazon FBA sellers are running their business on numbers that are wrong. Not dramatically wrong wrong in the quiet, cumulative way that only surfaces when a tax return comes back with questions, or when the profit figure doesn’t match the cash in the bank. The […]
