Whether you’re an individual privately importing goods or an organisation doing so as part of your business, it is essential you understand how these goods are taxed and your obligations regarding these taxes. Studies have shown that individuals, small businesses and medium sized businesses are the most likely to make what can be very costly…

Small businesses often have a love-hate relationship with the Goods and Service Tax – and with good reason. If you ignore it, the Australian Taxation Office can demand more tax from you regardless of whether your bottom line can take the hit. What is GST? Why do you sometimes have to pay it even if…

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