It’s an exciting time in your startup – you have just successfully raised $1 million in your first formal seed round. Now attention goes to spending that investment capital to pursue your growth objective. It is easy to get giddy with excitement about deploying this capital. But what about the rights of your new shareholders?… Read more »
Hnry believes sole traders should have access to world-class tax accountancy services. They say there’s no other certainty in life than death and taxes, but for many sole traders, doing their taxes is a kind of death. Death by a thousand numbers, receipts, deadlines and obligations. It’s enough to kill the startup dream. Then along… Read more »
Google has settled a long-standing dispute with the Australian Taxation Office (ATO) agreeing to pay an extra $481.5 million in additional tax in a major financial win for the federal government. The search giant’s agreement follows in the wake of similar deals with Microsoft, Apple and Facebook as part of a multinational e-commerce crackdown by… Read more »
It’s almost 30 June, which means a new financial year. Before cracking open the champagne for your EOFY party, there’s a few things to consider beforehand in terms of good tax planning. Startup Daily spoke to Stuart Reynolds and the accounting team from Fullstack Advisory, who put together some key review areas for… Read more »
Here are five of the most common traps we see businesses falling into at tax time, along with some tips to help you avoid them.
Donation Manager allows a charity to quickly generate donation receipts for donors, a process which most small to medium charities are doing manually.
The government on Friday struck a deal to see the Senate pass a number of the tax cuts for businesses proposed in its 2016 Budget.
MYOB has launched Advanced People, a new cloud payroll solution designed to help mid-market businesses manage their payments.
So you’ve decided to go out on your own. You may be a marketing / IT / Events / PR / Human Resources consultant. You’ve just landed your first client – check! It’s a big client too – even better. This means that most of your company income will come from the one customer. Makes no difference for tax, right? Wrong.
Your startup is now at a stage where there’s money in the bank and / or a regular income stream to start paying yourself. Brilliant! So just how do you go about paying yourself?
One area which causes a lot of confusion amongst startups (and businesses of all sizes) is around meals and whether they can be claimed as a tax deduction.
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