Latest Posts

ITR - Deduction Notes -ATO FY 2022 -2023

Deduction Notes: FY 2022 -2023 D1 - Work-Related Car Expenses Work-related car expenses are expenses …

Fringe Benefit Tax ATO

FBT applicable where an organisation provides benefits to its employees instead of salary. The first…

Accounting and Tax Concepts - Australia

Superannuation - Australia

Superannuation Super Annuation or Super (Both are the same) Meaning: Superannuation is money put aside…

GST Reconciliations

GST Reconciliations ATO Business Activity Statement a. First, as per BAS return, we need to Fill in a…

Hire Purchase & Borrowing Cost Concept

Hire Purchase & Borrowing Cost Concept Hire Purchase Meaning of Hire Purchase: Hire purchase is a…

Opening Stock and Closing Stock Concept

Opening Stock and Closing Stock Concept How to bring Opening Stock and Closing Stock in Books? If Boo…

Capital Gain Concept

Capital Gain Concept Capital Gain Calculation Opening Investment xxx + Purchase of Investment xxx  – S…

Rental Income Concepts

Rental Income Concepts Residential Rent Commercial Rent GST doesn't apply to residential rent. You…

Division 7A (Only for Business) Concept

Division 7A (Only for Business) Concept What is the purpose of Division 7A? Division 7A is part of th…