What to do if you’re hiring a ‘working holiday maker’?

Student

Any employer can hire a working holiday maker, especially when they need labour for a short period. Working holiday makers will hold a Working Holiday visa (subclass 417) or Work and Holiday visa (subclass 462). If your new employee has ticked the box on their TFN declaration that they’re a working holiday maker there are three […]

Should I use ‘cash’ or ‘accrual’ accounting to report my GST?

bank notes

The main difference between cash and accrual (non-cash) accounting is timing. If you record revenue or expenses when you pay and receive money, you’re using cash-basis accounting. This is the simplest method and is suitable for most smaller businesses who handle cash transactions. It can only be used if your aggregated turnover is less than $10 […]