For overseas businesses that want to operate in Australia they firstly need to determine under what structure they want to operate in. This decision will impact on what tax they pay, where they pay it (ie. in Australia and or in their home country) and when.
Running a small business can often feel like a mouse on a wheel. Lots of activity, lots of money in and then lots of money out. So, how do you know if your business is actually profitable?
Here we take a look at how to give your business a bit of a financial health check and determine just how profitable your business is. There are several indicators which you need to review.