Blog
Carbon Accounting – YBM’s Chosen Solution
Discover YBM’s exciting adoption of Sumday, a cutting-edge Carbon Accounting platform, for proactive GHG reporting compliance.
Carbon Accounting – Who And How?
Explains the nuts and bolts of reporting on GHG emissions, also referred to as Carbon accounting.
Are You Ready To Report On Your Carbon Footprint?
To keep clients ahead of the game, YBM are working on a number of strategies in order to provide assistance in this rapidly-evolving space.
How much should I draw from my pension?
Many retirees use their superannuation to commence a pension that pays income at regular intervals. The most common type of pension is an account-based pension. These are also sometimes referred to by their former name – allocated pensions. Account-based pensions are a very tax-effective way of setting up super to provide a regular flow of …
Understanding Sales Tax for Small Businesses
The Australian Taxation Office (ATO) applies sales tax to businesses turning over a certain amount. Government bodies reinvest taxed funds into the country’s education, defence, maintenance, healthcare, aged care, and transportation sectors. As a small business owner, understanding your sales tax liability ensures you meet your financial obligations and avoid damaging penalties. Keep reading to …
Small Business Tax Tips for Independent Contractors
Over 1 million independent contractors in Australia thrive on the benefits of this employment type, including enhanced flexibility and autonomy. With the freedom of being your own boss comes the responsibility of managing your tax commitments effectively. If you’re new to independent work, the intricacies of tax can seem overwhelming. We’ve gathered four vital tips …
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Small Business Tax Penalties: What You Need to Know
Businesses and individuals are legally obliged to pay taxes to contribute to Australia’s welfare. Funding supports vital societal attributes like healthcare, education, transport, and defence. Missed payments could yield serious consequences, like penalties, that hit your business financially and reputationally. Understanding tax penalties and their impact on small businesses can help you take preventative measures …
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Understanding Sales Tax for Small Businesses
When you’re running a business, sales tax, more commonly referred to as the Goods and Services Tax (GST), is a key concept you’ll need to be familiar with – both for financial stability and to stay compliant with the Australian Taxation Office (ATO). So, in this article, we’ll be providing an overview of all you …
How to Use Accounting Software to Manage Your Small Business Finances
Small business owners need to consider many things, and effectively managing your finances will likely be high on your list. Accounting software is a valuable and highly efficient tool that can lead to more effective business management. In this guide, we’ll detail how to use accounting software to efficiently manage your small business finances, providing …
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