Choosing a great business name is exciting, but did you realise your application can be denied? The Australian Securities and Investments Commission (ASIC) enforces strict corporate name rules. If your intended name fails these requirements, it will be refused. Some common reasons for rejection incl...

A Tax File Number (TFN) is essential for making your new business capable of legally functioning. Starting a new business is a great experience, but it does consist of numerous mandatory actions. One of the first things you will need to obtain on your business journey is a Tax File Number (TFN). Thi...

Navigating tax obligations in a new country can be overwhelming, especially for Indian professionals and businesses settling in Perth. Due to differences in taxation laws between India and Australia, Indian professionals and businesses in Perth often encounter several tax-related challenges. Challen...

Cryptocurrency has interesting potential, but the tax ramifications could be complicated. Whether you sell Bitcoin, Ethereum, NFTs, or earn money through staking and DeFi, the Australian Taxation Office (ATO) requires you to accurately report your cryptocurrency transactions. At ISM Accountants, our...

Business finances are challenging to manage, but when tax compliance, GST calculations, and lodging your Business Activity Statement (BAS) come into play, it gets even more complicated. Most small business owners in Perth find these tasks overwhelming, which results in expensive mistakes and penalti...