We’ve all heard the industry is on the move and there is fear in the air of an accounting automation apocalypse coming for your job. Yeah, not any time soon. There is however a range of more immediate changes that likely will…
Accounting is a critical component of any business or organization. It is more than just documenting every financial transaction of your business. Accounting is not limited to compiling records of every purchase, payment, and gain your business has made. It…
For the first-time business owner, your ability to control costs is a critical success factor. But have you factored in these often-overlooked costs of running a business? What could be more cost-effective than starting your own small business from home?…
Do you work from home? What are you claiming on your tax? The ATO has announced this year they will be cracking down on ‘stretched’ tax claims such as uniforms, cars and home office expenses. So while you should be…
Choosing a good accounting software to start a small business is one of the first decision that every small business owner needs to make. What does an accounting software do for a small business owner? Basic Accounting Software Features: Track…
This year ATO announced that would force on "other work-related deductions" in the individual tax returns. The other work-related deductions are shown in Lable D5 in the Individual Tax Return and included, Union fees Overtime meal allowance Seminars (I.e. Breakfast seminars)…