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Category: blog
Bookkeeping for the Trades
You have spent the last 3-4 years completing your trade apprenticeship and gaining valuable on the job experience. You are verging on calling yourself an expert! You are ready or have already made the leap to go out on your own. You have the tools, the ute and the contacts. Or maybe you have worked… Read more
10 Tips For Better Small Business Bookkeeping
Many business owners take on their own bookkeeping services, sometimes in a planned approach, but often it just happens! When you start a business, often it’s the founder’s partner or a parent that gets the unenviable task of becoming the accidental accountant! Whilst we always recommend that businesses seek professional help, training and engage local… Read more
Top 5 Tips For Your Online E-commerce Store Accounting
The world has made a dramatic shift to ‘online’ with work from home orders and lockdowns having turbocharged this change. Now more than ever, it is simple to kick-off your online store or side hustle! Coming up with the idea is the easiest part once you know what you want to do. The next step… Read more
How Small Businesses Are Recovering From the Impact of COVID-19?
Just when you thought it was safe to go back in the water… An anecdote maybe missed on some of those a little younger than me who were traumatised by the thought of Jaws and going swimming! Luckily business is a little more resilient than I was at the age of 5! And here we… Read more
How to Get the Right Accounting Services for Your Business
“I’m looking for an accountant [bookkeeper] who will actually help me with my business…” a phrase we hear regularly from small business owners? As an owner of a bookkeeping services and part time CFO or advisory, I hear this a lot from perspective leads looking to ditch their old accountant “I only ever hear from… Read more
Part-Time CFO and Virtual CFO Services: Scale Your Business while Staying in Control of Your Funds
A sound financial strategy is critical to a business that wants to positively impact productivity and finances. Often, the role of devising such a plan falls on the company’s Chief Financial Officer. Their broad commercial experience and accounting acumen helps with: Identifying products and services which are most profitable; Pinpointing products and services’ seasonality, and … Read more
Tax Tips for Your Business: What You Need to Know When Preparing Your Business Activity Statement
As a business owner, you have certain obligations towards the government, such as paying your taxes. A single company may need to pay several types of taxes, though, so it also needs to lodge a statement detailing its tax obligations. This report is called a Business Activity Statement (BAS) and every business registered for Goods… Read more
A Game of Numbers: Save More by Outsourcing Your Business’ Bookkeeping Needs
How much their business earns is always a concern for entrepreneurs and business owners everywhere. After all, money is the lifeblood that keeps your operations going and thriving. Making that your only concern is likely to cause problems for your Australian business in the long run, though. There are still other variables at play that… Read more
Learn about Your Small Business’ Tax Obligations — and How to Prepare for It
As with personal taxes, if you’re a business owner in Australia, you’ll have to file your tax return for your company’s activities for the financial year. Unlike personal taxes, however, businesses can expect to pay taxes for several categories Read on to learn more about how your small business is going to be taxed and… Read more
Tax Returns 101: What You Need to Know About Lodging a Late or Outstanding Return
Income tax returns are usually lodged every year (the 31st of October for self-lodging individuals and the 15th of May for those who use an accountant to submit their return). Not everyone is able to follow the schedule, however. Some of them may: Have had too many things on their plate to take care of… Read more