Articles
Check out the latest from the MYC Partners blog!
Welcome to our new articles area. We will be regularly sharing our accounting expertise and strategic advice to help you get ahead in your business.
Latest posts are below:
Employee vs Contractor: A Simple Guide for Business Owners
When dealing with an employee vs contractor classification, the stakes for business owners and workers couldn’t be higher. Misclassifications can trigger costly ATO audits, leading to back payments for superannuation and workers’ compensation premiums. For business owners, a mistake could ...
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What to Do After Getting Your Australian Business Number?
You’ve just registered your Australian Business Number (ABN). You’re excited to start your journey, but what comes next? Should you set up a business bank account right away? How do you handle taxes? These are common questions when you’re just ...
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When Do You Need to Register for GST? A Quick Guide
When do you need to register for GST? It’s a question every growing business in Australia will face at some point. Since July 2000, Australian businesses have adapted to this taxation system that replaced the old sales tax model. The ...
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Season’s Greetings: Our Holiday Hours & Helpful Tips
The festive season is just around the corner, and it’s the perfect time to pause, reflect and express our gratitude. Your trust in us throughout 2024 has made our work truly rewarding, as we’ve helped you manage your business and ...
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MYOB vs QuickBooks vs Xero: Which Fits Your Business Best?
MYOB vs QuickBooks vs Xero – if you’re a small business owner, you’ve probably heard these names mentioned when discussing accounting software. But how do you choose between them? Choosing between them isn’t the most exciting task, but it can ...
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Financial Literacy for Small Business Owners: Why It Matters
Ever wondered why some small businesses thrive while others struggle? The secret often lies not in the product or service but in the owner’s financial acumen. Financial literacy for small business owners isn’t just a nice-to-have skill—it’s the invisible force ...
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