Posts made in December 7th, 2018

Australian Local Businesses – Vital Info

Posted by on Dec 7, 2018 in Business | Comments Off on Australian Local Businesses – Vital Info

Has your business secured an Australian Business Number yet? Aside from being one of the most important business acquisitions you will ever make, it will also allow you to open bank accounts, trade with other businesses, purchase domain names and build credibility in land-based and online marketplaces.

Perhaps more importantly, your Australian Business Number will help you to bring in all the money that you are entitled to. If it isn’t displayed on your business documentation, other entities can withhold up to 46.5% of payments in PAYG withholding taxes.

What is PAYG Withholding Tax?

PAYG withholding tax is applied to transactions where another business is paying money into your own operation. If your Australian Business Number isn’t included on the invoices that you send out, other businesses are obliged to hold back a percentage of the money for payment to the Australian Tax Office. Display it, and your invoices will be paid in full.

Everybody is obliged to pay tax on their earnings. An Australian Business Number shows other business entities that you have been in contact with the Australian Tax Office and that the government is aware that you work as a business entity. Tax income supports the economic growth of Australia and having valid identification in place proves that you are already making contributions.

The Australian Business Number and GST

Goods and Services Tax is charged at a rate of 10%, and it is now applied to the majority of consumer product and service purchases within the Australian marketplace. If your business turns over $75,000 or more every year, you will need an Australian Business Number to register for Goods and Services Tax. It will help you to claim GST relief and to claim fuel tax credits from the government.

PAYG Tax Exclusions

Under some circumstances, you can be excluded from paying PAYG withholding taxes even if you don’t have an Australian Business Number in place. If you are a non-profit organisation or charity, you will not be expected to make the 46.5% contribution and you won’t have to register for Goods and Services Tax until your annual turnover exceeds $150,000.

Withholding taxes will also be waived if an invoice is sent out for any sum of $82.50 or less, and you will not have to make contributions if you are less than 18 years of age, the employee of a company or receiving payments of $120 or less each week. Under these circumstances, you will need to provide a written statement to clarify your position.

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More Info on Australian Local Businesses

Posted by on Dec 7, 2018 in Business | Comments Off on More Info on Australian Local Businesses

An Australian Business Number is a unique eleven-digit number issued for publication on the Australian Business Register (ABR). The ABR, in turn, is operated by the Australian Tax Office (ATO). Registration has a number of distinct benefits but the principle factor behind them allows for easier identification and improved interaction when businesses liaise with Governmental bodies. The Australian Business Number also allows for improved communication between different operational entities.

Although there are no legal requirements to possess an Australian Business Number, most Australians choose to apply for them because of the numerous benefits that they offer.

Withholding Taxes

If a business operates without a number, other organisations and businesses can apply a withholding tax of 46.5% to all transactions made as a means of recouping liabilities to the Australian Tax Office (ATO). By providing unique identification on all documentation, withholding taxes are waived and a business can register for PAYG (Pay as you Go) taxes independently.

Tax Registration and Credits

By possessing an Australian Business number, organisations can apply for PAYG and GST (Goods and Services Tax) registration. Additionally, there are a number of important tax credits that can be claimed (such as Fuel Tax Credits) which help businesses save money. Credits can only be claimed if a business has a unique identification number.

Activity Statements

When GST is declared or claimed back, businesses are required to complete a Business Activity Statement (BAS). A BAS will only be issued if you, or your business, have valid identification in place.

Easier Business Transactions

By displaying unique identification on invoices and order forms, other entities will be able to carry out transactions with you more easily.

Building Trust

When other companies see an Australian Business Number displayed on your documentation, your own reputation will become more credible. It will help your organisation to build levels of trust with other companies and this can ultimately result in an increased number of transactions and sustained profitability.

Showing Intent

Secure your own number, and you will be showing other organisations that you take your business seriously and this means that they will also treat your operation with the respect that it deserves. To obtain a number, there are certain federal eligibility requirements that have to be met. By meeting those requirements, your signal of intent within the business world is clear for all to see.

Encouraging Trade

Other business will have also signaled their intent as serious entities by applying for their own Australian Business Number. By having an Australian Business Number yourself, those businesses will be much more likely to consider your products and services.

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Australian Local Businesses – Intro

Posted by on Dec 7, 2018 in Business | Comments Off on Australian Local Businesses – Intro

Link building is a vital aspect of search engine optimisation and building your online brand, wherever you are and whether you’re large or small. Whether you’re a small accounting company in Perth, a Fish Market in Sydney, a lawyer’s office in Canberra, a restaurant in Melbourne, or any other business of any size – link building can help you succeed online. Not all links are the same. One-way backlinks are important. And relevant one-way back links are the most coveted sort of link. The more one-way back links pointing to your website, the more relevant you can appear to search engines – search engines that will deem your site relevant enough to receive traffic from people searching for whatever it is that you sell.

Yes, links can be good. Links from article sites, links from social media tools, and links in general can be helpful because they can send traffic your way. But from an SEO (search engine optimisation) perspective, relevancy is much more valuable and it’s worth the effort to try to get as many of these as possible.

Pointing Bob’s Fish Market website to that legal office in Canberra won’t be much help. Pointing the Perth accounting site to that Melbourne restaurant isn’t all that helpful either. When the search engines crawl websites, they look at what the site is about and what the site points to. If a website in your niche is pointing at your site, this increases the perceived relevancy to your topic. If you were a Perth website design company, for instance, links from other Australian technology companies could be very helpful. Here are some tips for getting relevant backlinks:

Comment on blogs in your niche. Use your website’s URL in the website field.

Write a piece for syndication and publish it. If you write something newsworthy or that gets attention, other sites in your industry may publish it and this will get a link pointed to your site. Press releases and article directory articles work great in this manner.

Submit your information to relevant directories and groups. If you’re a Perth website design company, for instance, and there are local technology groups and directories, get listed there. If you’re a lawyer and there’s an online legal directory with a category based on your geographical area, this is helpful, too. Not only might potential customers see the listing and contact you but search engines will make the connection as well. Tip: Make good use of tags and categories wherever they are offered.

Offer to write guest articles/blog posts for websites and online newsletters in your industry in exchange for a byline that contains a link pointing to your website. (This will help you build authority as well!)

Talk to a local SEO company to help you optimise for local search. Not only will this help you with a Long Tail SEO strategy (that can get you better rankings and targeted traffic that has a greater chance of conversion) but you’ll appear on Google Maps and start to climb the ranks in the search engine results pages for your area and your niche.

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