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What is the GST system? For Australia and many other countries, the Good and Services Tax (GST) is a value-added consumption tax charged on the supply of goods and services. It encompasses a list of goods and/or services that are manufactured or produced within Australia as well as most goods
By Kalen Smith (Extracted from https://www.moneycrashers.com/why-cash-is-king/) “Cash is king” is an age-old saying often used to explain the failure of both businesses and consumer households. Without the proper amount of cash on hand, both of these entities can run into major trouble, and even be forced into bankruptcy. Businesses must
Accountants bring a unique and focussed presence to necessary and often seemingly ambiguous parts of all business (particularly in matters of taxation). They are in their professional focus, uniquely placed to support and advise those, who head their own business; be they professionals, tradespeople, freelancers, merchants or investors. Accountants are
Tax System in Australia Introduction: A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of
Accounting is the language of business and the current situation of Business and Finance signifies that the accounting software is crucial. Accounting is an act, count and think. So, Accounting software helps you in keeping things straight and organized within your company. And, the better handle you have on the