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Perth Small Business Archives - Page 2 of 7 - Garnet Business Services
Record Keeping

Record Keeping

You are legally required to keep records of all transactions relating to your tax and superannuation affairs. Failing to keep correct records can have financial consequences. You are legally required to keep records of all transactions relating to your tax and...
Check your PAYG instalments

Check your PAYG instalments

Now is a good time to check that your business’ PAYG instalments still reflect its expected end of year tax liability. The PAYG instalment system allows a business to spread its income tax liability across the tax year. This helps with cash flow but also means the...