GST – Nova Bookkeeping

Discover practical strategies to manage your GST cash flow effectively. Learn how separating funds, understanding net GST, and planning ahead can save you from financial stress when BAS time rolls around.

How to Stop Accidentally Spending Your Business GST

Brett 04/03/2026

Discover practical strategies to manage your GST cash flow effectively. Learn how separating funds, understanding net GST, and planning ahead can save you from financial

Planning your annual work Christmas party should be a joyous occasion, a chance to thank your dedicated team for their hard work throughout the year. But for many Australian business owners, the festive cheer often comes with a side of tax-related questions. Understanding the ATO's perspective on your end-of-year celebrations is crucial to avoid unexpected Fringe Benefits Tax (FBT) bills, maximise deductions, and ensure compliance. Let's unwrap the tax implications of your work Christmas party.

‘Tis the season to be ATO compliant for work Christmas parties

Brett 02/12/2025

Planning your annual work Christmas party should be a joyous occasion, a chance to thank your dedicated team for their hard work throughout the year.

We recently had a local business owner pop in. They knew us for bookkeeping but were thrilled to learn we also manage payroll for businesses big and small. Their in-house bookkeeper needed a holiday, and they required cover. We happily stepped in to ensure payroll ran smoothly!

Need a holiday? This is for you!

Brett 30/04/2025

We know managing everything from cash flow and ATO updates to payroll and bookkeeping keeps you incredibly busy. It’s easy to feel like you can’t

Do you ever find yourself worrying about paying bills or meeting your tax obligations? You're not alone! Many business owners struggle with managing their cash flow.

Cash flow worries? Take control today.

Brett 23/01/2025

Do you ever find yourself worrying about paying bills or meeting your tax obligations? You’re not alone! Many business owners struggle with managing their cash flow. But

So, what's under the spotlight this time? The ATO is focusing on making sure you know that business income is not personal income, so keep those lines clear! They are also looking at deductions and concessions, so make sure you're claiming correctly and legitimately.

ATO focus points for small business

Brett 13/12/2024

Do you want to stay on the ATO’s good side and keep your business shining bright? They’ve just released their latest focus areas for small businesses,

You might be contacted by the ATO about their Medium and Emerging private groups tax performance program. This program helps businesses understand and correctly manage their tax obligations. The ATO has identified common errors and is proactively reaching out to help businesses avoid penalties.

Important info from the ATO for growing businesses

Brett 06/12/2024

As your business expands, your tax obligations may change. The ATO is focusing on businesses experiencing significant growth, which might now fall into the category

Collaboration in business enhances efficiency, fosters innovation, improves problem-solving, and strengthens relationships, leading to better overall success.

Collaboration cultivates confidence.

Brett 14/06/2024

Collaboration in business enhances efficiency, fosters innovation, improves problem-solving, and strengthens relationships, leading to better overall success.

Bookkeeping, Cash Flow, GST