What are the Documents Required for New GST Registration? Goods and Services Tax (GST) is a broad-based tax of 10% on most goods, services, and other items sold or consumed in Australia. Businesses must register for GST if their annual turnover meets or exceeds the threshold of $75,000 (or $150,000 for non-profit [...]
Requirements for an ABN for an Australian Accounting Firm: Ample Finance When starting an accounting firm in Australia, such as Ample Finance, obtaining an Australian Business Number (ABN) is a crucial step. An ABN is a unique 11-digit identifier that businesses use when dealing with the Australian Taxation Office (ATO) and other government [...]
As the tax season approaches, it’s time to prepare for your Australian tax return. At Ample Finance, we understand that navigating the tax system can be daunting. That's why we’ve compiled the ultimate checklist to ensure you have everything you need at your fingertips, making the process as smooth as possible. Whether you’re [...]
At Ample Finance, we understand that navigating the complexities of taxation can be daunting for many Australians. One crucial aspect of the tax system is the Tax File Number (TFN). This article aims to elucidate the significance of a TFN, its role in the tax system, and how it impacts individuals and businesses [...]
What Happens If You Don’t Claim the Tax-Free Threshold? Understanding the Implications In Australia, the tax-free threshold is an important consideration for individual taxpayers, particularly for those entering the workforce or managing their finances. The tax-free threshold allows eligible residents to earn up to a certain amount without incurring income tax. As [...]
When navigating through the complexities of the Australian taxation system, one of the most critical components to grasp is the Tax File Number (TFN). At Ample Finance, we understand that this pivotal piece of information is essential for both individuals and businesses alike. In this comprehensive guide, we will explore what a [...]