What is the Difference Between PAYG Instalment Tax and PAYG Withholding Tax?

What is the Difference Between PAYG Instalment Tax and PAYG Withholding Tax?

As a business owner you are probably paying several different types of tax such as GST and company tax. Two other commonly paid taxes for small businesses are Pay As You Go (PAYG) Instalment tax and Pay As You Go (PAYG) Withholding tax. Because the names are so similar you may think they are the…

What is a Business Activity Statement (BAS Return)?

What is a Business Activity Statement (BAS Return)?

Making sense of your GST and Business Activity Statement (BAS) obligations is not easy. Even the most seasoned business owners find it confusing. This article should help you understand what kind of BAS returns are suitable for your business and how often you need to lodge them with the Australian Taxation Office (ATO). Business Activity Statements are…