Importance of using a registered BAS agent for your bookkeeping There are a number of factors to look at when you consider hiring someone for anything. Outsourcing your business task requires the same vigilance, so you must be careful about the bookkeeper you choose. Furthermore, while it may seem like a small area to focus [...]

By |August 31st, 2017|Uncategorized|0 Comments

Does Accounting Software Make Good Business Investments?

How you handle your finances can say a lot about how you run your business. In fact, it may even create the perception that matters the most to lenders and potential investors, so you do not want to create the wrong one. This is why investing in an accounting software may be one of the [...]

By |May 11th, 2017|Uncategorized|0 Comments

The Benefits of Having a Competent Bookkeeper

It is easy to take things for granted when you run your own company, especially if it is small or family owned. Accounting practices are often high on this list and can prove detrimental in cases where business owners cannot afford to hire an accounting staff. The good news is, a competent bookkeeper can eliminate [...]

By |March 24th, 2017|Uncategorized|0 Comments

Understanding the Differences Between a Bookkeeper and an Accountant

Like many outside of the field of accounting, you may be unclear about the differences between a bookkeeper and an accountant. As a business owner, this differentiation is important to make since it will help you to understand what you company’s accounting needs are. Doing so will in turn assist you in getting the help [...]

By |January 27th, 2017|Bookkeeping, Uncategorized|0 Comments

6 Tax Terms All Business Owners Should Become Familiar With

Running a business means paying taxes, but this can be confusing if you do not know where to start. Below are just some of the terms you will be expected to become familiar with. Other terms will vary based on your industry, type of ownership or other factors. 1) TFN: Your Tax File Number of [...]

By |January 10th, 2017|Uncategorized|0 Comments

A Basic Understanding of the BAS System

While the types of taxes you pay may vary, tax obligations are inevitable as a business owner. Therefore, you must understand some basic terms, filing procedures and deadlines in order to avoid tax delinquency. Luckily, having someone in charge of these matters (such as a bookkeeper) can spare you the hassle, but it is still [...]

By |December 15th, 2016|Uncategorized|0 Comments

What Is Accident Insurance?

Many times, your health or medical insurance policy will cover regular doctor visits, wellness checkups, and prescription medication. However, it might not provide coverage in the event of an injury or death due to an accident. Since no one can predict when an accident might happen, how can you be sure that you and your [...]

By |November 4th, 2016|Uncategorized|0 Comments

GST Information for Small Businesses

Australian taxation is a complex system that includes multiple registrations or roles. GST registration is one and it can be tricky if you do not understand what the terms mean, the limits, or how to calculate the necessary figures. This is why it is best to at least get a basic understanding of the process, [...]

By |October 21st, 2016|Uncategorized|0 Comments

5 Tax Rules to Know as a Sole Trader

Being a sole trader has a number of benefits; plus, it shapes your tax situation and the laws that apply to you. While this is the easiest form of business to start, it is important that you consider a few things before you do. If you already have a business, then these are good to [...]

By |October 6th, 2016|Uncategorized|0 Comments

5 Reasons to Consider Using MYOB Accounting Software

Every business has an accounting method no matter how disorganised. If you are like a lot of small business owners, you are likely to have a manual system (using Excel for example); but, while using spreadsheets may seem simpler to you because you are used to it, it is not always best. In fact, it [...]

By |September 9th, 2016|Uncategorized|0 Comments