What is the difference between a contractor and an employee?
It can be sometimes hard to work out what the difference is between your business taking on an employee and taking on a contractor. But it is important for you…
Pay As You Go Instalments
So you just did your income tax and the next thing you know – you get a letter from the tax man telling you that you have to pay some…
Dealing with tax debt during Covid 19
Covid 19 has left many businesses, large and small, facing tax debts. Taxes that are due to be paid to the Australian Tax Office that they simply can not pay…
Bookkeeping Tips for Small Business
….and why you need a bookkeeper. Keep records for all transactions and keep them organised and comprehensible and up to date. Never think “I will do it later”. Because you…
Jobkeeper 2
[vc_row][vc_column][vc_column_text] This is how Jobkeeper works at the moment. Eligible employers, sole traders and eligible business participants can enrol for Jobkeeper. You are assessing your own eligibility. At the moment…
COVID 19 home office deductions for tax time
To start off with, there are some rules about deductions. You must have spent the money on something that is related to you earning money. So if you got reimbursed…
MyGovID and RAM
You need to able to prove your identity before you can use any Australian Taxation Office web portal. For businesses, that ID is called MyGovID. You then need to be…
Help for businesses during the COVID 19 emergency
What help is the Commonwealth of Australia providing for businesses to ensure they survive for now and prosper later? Quite a lot actually. So much that it can be daunting…
We Can Help You Survive COVID 19
Wealthpath Accountants have put in place methods and procedures to ensure the timely and effective delivery of services to all of our clients while safeguarding the health and well being…
Profitability and improving your cash flow
Be careful of discounting Know how much it costs you to provide something before you discount it. A lot of businesses have no real idea how much something costs them.…