Let’s look at the basics of BAS. Depending on the size of your business, you will need to complete and lodge a BAS form between one and twelve times a year.
As an Influencer, when you begin to develop a public following and fame, you may also earn income from the use of your image or fame, and you will need to pay tax on everything that can be related to your reputation or appearance. Read on to find out more.
If you’re using your personal car for work purposes, you may eligible to claim the expenses associated to this. Find out about the rules and claiming methods available.
The ATO has advised that inactive Australian Business Number’s may soon be automatically cancelled in a current review. Those who are unsure if their ABN is still active or not should get in touch with their accountant or bookkeeper.
There are certain things in life that blend well and others that absolutely don’t. Personal and business finances are the type of thing that shouldn’t be mixed.
Do you need to lodge a tax return for the 2020-21 financial year? That is the question!
All businesses start with a skill, idea or opportunity. But you’ll need more than this to make your business successful. Planning, skills, people, time – and luck – are all important. The Cotchy startup checklist is a fantastic starting point for your business. Tick them off one at a time and make sure you are fully ready before launching into your new business.
Lockdown is set to end very soon, and we are excited to get back into the shops, restaurants, and have friends and family back in our homes. But for small businesses, there are many things you need to keep in mind as you get ready to open the doors.
What are the five key things you need to have setup correctly in your business?
In your Startup business there are five key things that you are going to need to run really well and have under control. Those five things are finances, innovation, operations, marketing, and human resources. They are the key to every single business, especially a startup that is going to grow!
Let’s talk about Cotchy – Who the hell are we? Where have we sprung from?
Well, we’re backed by Paris Financial our family’s 40-year-old accounting firm, and we’re from Melbourne, Australia. We are your one-stop financial accounting shop! Gone are the days of juggling between Accountant, Bookkeeper and your own Administrator. We have it all in one cloud based financial eco-system for a fixed monthly fee.
A convertible note is a type of short-term debt which transforms into equity, generally in conjunction with a future financing round; essentially, the investor would be loaning money to a startup and rather than a return in the form of principal plus interest, the investor would gain equity in the company.
What is an Employer Share Option Plan, and why bother? An Employee Share Option Plan (ESOP) is a method of granting equity in a business to an employee over a period of time. It really is as simple as it sounds – the employee receives options (or rights) to be granted real shares in the business, as long as they comply with the rules of the ESOP (Plan Rules).
