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tax compliance

Why Bookkeeping is Your First Step in Resolving Tax Debt

Navigating tax debt can be a stressful experience, but it’s crucial to understand that bookkeeping serves as the vital first step towards finding a solution. Whether you’re a small business owner, a freelancer, or an individual taxpayer, managing your financial records is the key to settling your tax debt and staying in good graces with the Australian Taxation Office (ATO).   The Australian Tax Landscape… Read More »Why Bookkeeping is Your First Step in Resolving Tax Debt

Protect Your Business: ATO’s GST Audit Warnings for Australian Entrepreneurs

The Australian Taxation Office (ATO) is on a mission to bridge the $6 billion gap between receipts and what they believe is owed. Business owners, take note! The ATO is ramping up GST audits, and bookkeepers are sounding the alarm.   The Australian Bookkeepers Network (ABN) has sent out a crucial warning to its members in the financial realm. It seems that the tax office… Read More »Protect Your Business: ATO’s GST Audit Warnings for Australian Entrepreneurs