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Why Is Accounting Important For the Students?

  Accounting is a valuable field of study that you can study for a variety of purposes. This field course provides you with information and skills that you can apply to several industries. It is also one of the most important courses for business management students. However, most students are not interested in this subject because we find that the subject is complex. Do they still have a question in mind as to why accounting is important? Because they have no idea that accounting plays a vital role not only in the lives of students but also in the lives of everyone. There are several reasons to show the importance of student accounting. Let's look at the importance of student accounting : - 1. Accounting keeps you organized. Since we know that students can make themselves more organized with the help of mathematics. But one thing you need to remember is that statistics are not enough to keep you organized. Sometimes students need help with budgeting. However, there are a few lim...

Accounting service for small business

  Searching for experienced accountants? Worried about your day-to-day accounting. Remove the burden of your small business accounting off your shoulder and let our experts help you. At Auditax, You get a tailored accounting package that meets your business need. You can choose over multiple  small business services  from bookkeeping, tax returns, payroll, to management reporting. We’ve got a quick turnaround time that means All your queries are answered within 24 hours. Want to know more about, How we can help you?  Book a free consultation call now.

How to ensure that an SMSF meets the residency test?

Follow my blog with Bloglovin It is very important that your SMSF meets the residency test because the consequences of non-compliant status can be harsh. If in case, your SMSF fails the residency test requirements, you as an SMSF owner will have to pay the tax at the rate of 45% on the entire amount of SMSF asset less non-concessional contributions in the non-compliant year (the tax rate was increased to 47% during temporary budget repair levy financial years of 2014-2015, 2015-2016 and 2016-2017). The non-compliant status of the fund strips it essentially from all the tax concessions it had for years. Read more about this topic visit website