Uncategorized

Tax Agent Services Act – Disclosure Statement

​​Tax Agent Services Act 2009 – Disclosure Statement​ We are a registered BAS Agent as required in order to provide BAS Services (including advice, interpretation, interactions with the ATO, lodgement of forms in respect to GST, BAS, Payroll and Superannuation Guarantee).  Any practitioner providing these services must be a registered BAS Agent or Tax Agent.…

Read article
Navigating Forex Trading and Taxation in Australia

Forex trading, or foreign exchange trading, is a popular investment avenue in Australia, attracting both novice and seasoned traders. However, many traders overlook a crucial aspect of their trading activities: taxation. Understanding the tax implications of forex trading is essential to ensure compliance and maximise your profits. In this blog, we’ll delve into what it…

Read article
The Ultimate Profession for Nomads and Entrepreneurs: Why Bookkeeping is the Ideal Career for You

In today’s world, flexibility and independence are increasingly valued in the workplace. The rise of remote work has opened up countless opportunities for people seeking a career that offers both stability and freedom. One such profession that perfectly aligns with these desires is bookkeeping. Whether you’re a digital nomad, an aspiring entrepreneur, or simply someone…

Read article
Tax Depreciation Incentives

Depreciation has always been a little confusing for business owners. The amount to depreciate and life of the Asset varies depending on the item, the different methods of depreciation and complex formulas add to the complexity of depreciation and the varying thresholds make it a nightmare. Lucky for us in the lucky country, the ATO…

Read article
Stapled Super Funds

Is your Super Fund Stapled? Before you may have to change or create a new Super Fund every time you change jobs, but not anymore. In the 2020 budget, it was included that the Super accounts will now be “stapled” to the members. This means that the Super Fund of an existing individual employee will…

Read article
Single Touch Payroll Obligations

Single touch payroll is an Australian Government incentive, designed to reduce the burden of reporting to government agencies. Employers are relieved of producing payment summaries and employees can find the information in their My Gov account. Since July 2018, STP has progressively been rolled out to every employer in Australia. Small employers (less than 19…

Read article
Simplifying TPAR Compliance with Sharbara Accounting Services

As a responsible business owner in Australia, staying compliant with tax regulations is crucial. The Taxable Payments Annual Report (TPAR) is a vital requirement that certain industries must fulfill each year. This report ensures transparency and tax compliance by recording payments made to contractors and subcontractors. In this comprehensive guide, we will explore the TPAR…

Read article
Simplifying Intercompany Accounting for New Bookkeepers

In the world of finance, intercompany accounting plays a crucial role in helping associated companies collaborate effectively. It’s like the behind-the-scenes helper that keeps things smooth when companies within the same group do business with each other. Let’s take a simple journey into what intercompany accounting means, why it’s important, and some tips to make…

Read article
Sharbara Payroll

Sharbara Accounting Services has been accepted as a Keypay Payroll Partner. This is a great achievement and means that Sharbara Payroll can grow into their own payroll outsourcing service. If you already have payroll through Sharbara, you will still be given the same excellent service and you will not notice anything different. The transition to…

Read article