Blog posts of '2022' 'April'

Criteria for reporting business tax debts We may report your business tax debt if you meet the following criteria: You have an Australian business number (ABN) and are not an excluded entity. You have one or more tax debts and at least $100,000 is overdue by more than 90 days. You are not engaging with us to manage your tax debt. You don't have an active complaint with the Inspector-General of Taxation Ombudsman (IGTO) about our intent to report your tax debt information.

It’s a basic sales principle: to make a profit, businesses must price products at a high enough level to cover costs. Both “margin” and “markup” are related to this principle but they’re not interchangeable, as the meanings vary slightly. What’s the difference between profit margin and markup?