by Wayne Merry | Feb 24, 2020 | Tax Reporting, United States tax reporting
Is your operation a hobby or a business? It matters when it comes to tax time. The key issue is whether what the IRS considers your operation to be. It impacts what you can deduct on your tax return. What is better, being a business or a hobby? If your operation is...
by Wayne Merry | Feb 19, 2020 | Tax Reporting
We’ve all got to eat. In business, we might travel or we might need to feed people working back late. We might be in business where our peak times are around lunchtime and we can’t afford for staff to go off and eat elsewhere. Some of us also need to...
by Wayne Merry | Feb 5, 2020 | Customer payments, Tax Reporting
There are a number of special situations that arise when you issue an Australian tax invoice. We will cover some of these below. GST Free Sales -Taxable and non-taxable sales You don’t include Australian GST in the price if your product or service is GST-free (even if...
by Wayne Merry | Feb 5, 2020 | Customer payments, Tax Reporting
What are tax invoices? They are invoices but in addition, they comply with GST or VAT requirements. So, essentially they are invoices with extra information. An invoice is a record of purchase you give to your customers in order to charge them for goods or services...
by Wayne Merry | Feb 4, 2020 | Tax Reporting
Own/operate a business based in the US? Your business will subject to tax in various forms. Most of these are taxes on income, but some are based on certain kinds of sales. There may even be taxes based on top line revenue. Your taxes that you are likely to have to...
by Wayne Merry | Nov 23, 2019 | Tax Reporting
Scenario: You are a busy small business owner. Business has been busy. As a result, you have fallen seriously behind on your accounts. You feel the stress! Work has been overwhelming! Your friendly tax authority is talking about fining you, or worse, if you...
