Tax Planning

Important things you need to know when self employed pay tax (Header)

Important things you need to know when self employed pay tax

Self-employed individuals are responsible for paying their own taxes. This means that, when you are self-employed, you are entitled to a self-employment tax. You need to set aside money throughout the year to pay your taxes. Also, you will need to file a tax return each year. You are responsible for making sure you pay …

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Why you need to consider business structuring for your startup (Header)

Business Structuring – Why you need to consider ?

Starting a company and structuring business is thrilling, scary, and, let’s be honest, intimidating. You don’t need an MBA or formal business training to get started and expand a lucrative company; however, there are certain decisions you’ll need to make right away, starting with deciding on your business structuring or doing the business structure. What’s …

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Important things to know when registering PTY LTD company (Header)

Important things to know when registering PTY LTD company

Pty ltd meaning? Most company names end in ‘Pty Ltd.’ This acronym stands for ‘proprietary limited’ and signifies a privately held company. The phrase ‘proprietary limited’ refers to a firm’s organizational structure. It is the legal system in which shareholders have little responsibility for the firm’s obligations. Is a Pty Ltd private or public company? …

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How to start a successful abn sole trader business (Header)

How to start a successful abn sole trader business

If you’re thinking of starting your own business, one option you may consider is to register for ABN sole trader. This is a relatively simple business structure that can be well suited to small businesses or start-ups. When you operate to be sole trader ABN register, you are effectively running your business as an individual. …

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How do tax marginal rates insanely affects tax payers?

The tax marginal rates are the tax rates that apply to your last dollar of income. They are often expressed as a percentage of your income. Marginal tax rates can have a big impact on your tax bill. That’s because, as your income increases, each additional dollar is taxed at a higher marginal rate. So, …

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