What is my net profit margin? A net profit margin is a financial ratio that measures the percentage of revenue remaining as profit, after deducting all associated expenses. It is a snapshot of how much of each dollar earned by a …
Category: Taxation Law
What is BAS?
Every business which is registered for GST needs to lodge a Business Activity Statement (BAS) at least once a year. GST, which stands for “goods and services tax”, is a value-added tax that applies to most goods and services sold for …
How understanding depreciation can boost the value of your business
Whether you operate as a large corporation or a small start-up, depreciation is an incredible tool to ensure that valuations of your business, both internally and externally, are representative of the entire operations of the business. This assists when getting funding …
What is fringe benefits tax?
A fringe benefit is an additional benefits received from an employer, in addition to a wage or salary, or in return for a salary sacrifice arrangement. Fringe benefits can be used to help employers attract, retain and motivate employees, by giving …