ChatGPT revolutionised the technological world almost overnight. Its potential to do great harm and great good was quickly recognised and Artificial Intelligence (AI) quickly became a topic of discussion and debate. Many industries, throughout the world, began to consider the implication of AI for their practice and the field of accounting was no exception.
When considering opening a business, the first and most important consideration is what business structure you will operate with. Here, you’ll learn about the different business structures in Australia, and which one is best suited for you.
Estate planning is crucial to managing your finances and ensuring the future well-being of your loved ones. From protecting your family to preserving your business, estate planning allows you to control how your assets are distributed and used after death. The process plays a significant role in providing security for your family, minimizing your tax…Read More
It’s been several months since the announcement of the 2022-23 Federal Budget. The government provides numerous programs that will benefit businesses, especially small businesses. The focus is on economic growth whilst increasing employment rates as Australia moves forward from the pandemic.
Starting 1 November 2021, all directors are required to have a Director Identification Number (DIN). Directors of many Australian businesses have 12 months to apply for this unique identifier. The requirement to have DINs is a part of initiatives as the ASIC, the ABR, and the ATO to continue their ongoing merging process.