Xero

JANUARY 30, 2024

If you sell a property for more than the price you paid for it, plus incidental costs like legal fees, stamp duty, and real estate agent commissions, you might need to pay CGT. The ATO categorises these into three groups: expenses claimable in the current financial year (e.g. personal expenses from property use).

Account 93

Account accountant accounted accounting and finance 93

Ronika Khanna CPA,CA

NOVEMBER 17, 2023

that generates revenues either via sales, ads or affiliate marketing. Internet “content” subscription services which might include selling photos, videos and often includes erotic content. Accounting and Tax Considerations for Gig Workers As discussed, there is an administrative burden to being a self employed gig worker.

Tax 52

Tax E-commerce audit income tax 52

ThomsonReuters

FEBRUARY 10, 2022

Under the safe harbor, plans must ensure that participants have adequate access to OTC COVID-19 tests with no upfront out-of-pocket expense. A new FAQ clarifies that “adequate access” generally requires plans to make available “at least one direct-to-consumer shipping mechanism and at least one in-person mechanism.”

Retail 98

Retail Manufacturing Tax Sales 98

Cheap Accounting

AUGUST 31, 2023

Entering the world of self employment and being your own boss is extremely exciting. The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. It can all seem daunting and overwhelming at first.

Start-ups 75

Start-ups Account accountant accounted 75

Basis 365

JULY 11, 2023

In this blog post, we’ll explore the key factors you need to consider when calculating revenue and provide some tips to help you ensure accuracy and maximize profitability. In simplest terms, revenue is the income generated from providing services to customers. Calculate your total revenue.

Non-Profits 40

Non-Profits Technology bookkeeping Legal 40

Ronika Khanna CPA,CA

APRIL 14, 2022

If you have incurred expenses to earn the business income, you may also deduct these from your gross revenues or sales to arrive at net income from business. This applies to anyone who sells goods or services and includes consultants, self employed individuals and/or contractors.

Tax 52

Tax tax return business tax accounting and finance 52

LyfeAccounting

MAY 12, 2021

After all, taxes are your biggest expense! Keep reading because this post will take a deep dive into LLC vs C-Corp, and also discuss which might be best for your business. Today, we will be discussing the key differences and similarities between an LLC vs C-Corp. All of which and more we are going to explain to you in this post!

CPA 52

CPA Legal Tax tax return 52