The Australian financial year (Australian tax year) runs from 1 July to 30 June. At midnight on 30 June, the financial year ends, your business books are closed, and you report your financial situation to the Australian Tax Office (ATO). They use this information to figure out how much tax you owe. You can submit…
Many of us wonder what we are worth. I’m not talking about what we’re worth as people, which is an entirely different concept. I’m talking about what we are worth in monetary terms. In most cases, this is a fairly simple exercise. Net worth is determined by subtracting your liabilities (what you owe) from your assets…