If you've been successful in your working life, then you may be paying tax at the higher rate. This may amount to a significant sum of money on an annual basis, and you'd be well advised to look at strategies that could help you to reduce your obligation. Of course, you must always work in accordance with the law and never try to avoid taxes, but you can use certain strategies that will help to cut down on the amount of money that you need to send to the ATO.
Hi, my name is Kerry, and recently, I helped my mum set up her own business. She had always dreamed of buying things at charity shops and auctions and then selling them. However, with her advancing age and mobility issues, traveling to boot sales or flea markets wasn't an option anymore. Luckily, the internet made it easy for her to set up a shop she can run from her home, and I help her get to the charity shops and auctions to stock her online store. However, I have also had to help her with a lot of accounting things. If you are thinking about starting a business or helping a loved one, you need to check out these accounting ideas and tips.