Are you an Australian business owner who wants to implement and manage Profit First and are keen to ensure it works with the Australian tax system.
The ‘Profit First’ book was written in the USA, so Australian taxes need to be considered in more detail to ensure you are successful.
Profit First should be easy to implement and manage and with this guide, you can make sure you get it right.
As a Chartered Accountant and one of the first Profit First accounting firms in Australia, I’ve written this guide to help you understand how to ensure Profit First works within the Australian tax environment.
What's in the Guide?
This guide details specific steps for how to manage:
- PAYG Withholding Tax on Wages
- Superannuation
- GST
- Tax on profits for companies (Company tax)
- Tax on profits for sole traders and trusts
- Tax on personal drawings
- Profit First allocations factoring in GST
