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Novated Lease or Bank Loan for your new vehicle?
Are you looking to buy a car? We look at the advantages and disadvantages to two possible options you may consider or which may be ....
Continue ReadingWhat is Personal Service Income (PSI)?
A common issue that we are asked to advise on is Personal Service Income and that of its disadvantages.
Continue ReadingBitcoin & The ATO
Due to the popularity of digital currency the ATO now recognises Bitcoin and the role it is playing in Australian Business Transactions.
Continue ReadingAre you adequately insured?
It is integral to have insurance to hedge yourself and your business against risk exposure.
Continue ReadingTips for finding the right accountant
Finding the right accountant is often easier said than done. The team at GMD Chartered Accountants share their top tips on finding the right accountant for your business:
Continue ReadingShould you upgrade from a sole trader?
Here at GMD Chartered Accounting Services, we are often asked, "should I upgrade from a sole trader?" The question whether or not you should upgrade from a sole trader is a complex one. We have outlined below some basics surrounding upgrading your sold trader status.
Continue ReadingTaxable Payments Annual Report
As part of the Australian Taxation Office's crack down on the Building and Construction industry all businesses within the industry that pay other businesses as contractors or subcontractors directly, must lodge an annual taxable payments report by 28 August each year.
Continue ReadingWhy are Self Managed Super Funds so Popular?
In today's economic climate, planning for the future is more important than ever. Australia has a growing ageing population and we are living longer than ever before which requires practical investment choices and forward-thinking.
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