Dealing with tax and renting via Airbnb

Dealing with tax and renting via Airbnb Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this facilitator by allowing individuals, referred to as “hosts”, to rent out a room of their house…

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  Franchising and tax in Australia  If you are an owner of Franchised business or you are planning to buy franchise you need to know this.   The Australian Competition & Consumer Commission (ACCC) is the government body responsible for enforcing the Franchising Code of Conduct, and if you or someone you know are considering…

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GST MISTAKES TO AVOID

If your business is earning more than $75000 per year you are required to register for GST.  Since the Goods and services tax has been introduced, small business owners (including Sole traders and Partnerships) have to register for GST if they are earning more than $75000/ year. As small business accountants we come across lot…

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