Tax Accountant Dandenong

 If you are wondering whether you can trade multiple businesses under one company name, we are here to guide you through. The answer is yes, you can trade under multiple business names and in multiple ways. Overview of Corporate Personality Do you know what corporate personality is? It refers to a company that is considered legally separate from its owners and directors. Similar to a sole trader, a registered corporate personality company can: Incur Debts Buy & Sell A Property Sue Others & Get Sued Be Criminally Liable Liable In Civil Matters Under the ABN registration, companies can now register for multiple business names quite similar to a sole trader. Advantages Of Registering Under Multiple Business Names Registering multiple names saves you with fees from setting up multiple companies Running multiple businesses under a company can limit your personal liability Managing multiple companies under one larger structure is comparatively easy Your company’s registered nam...

 Want an easy tax and super lodgement this year? The key to this is realizing your new year resolutions that can help you stay on top of your tax and super in 2023. The Australian Taxation Office (ATO) has come up with these five resolutions to make sure you make the most out of your taxes this year. It’s no way related to cleaning your garage or claiming a gym membership, but is all about managing your business and expenses.           Here are the five resolutions you should follow: Knowzif you’re in business or not Before filing a tax, you must know under which category you need to apply. Whether you are in business because it is your passion or you are earning an income from a hobby, you will surely be considered to be operating a business. Consult a qualified tax accountant near you to help find out if you are in a business or not, so that you can meet your obligations on time. Keep your business details and registrations up to date If you own a c...