The Information and Documents You Will Need to Maximize Your 2020 Income Tax Return and Avoid Common Tax Pitfalls With all the confusion and uncertainty in the world, you’ll be forgiven if you’ve forgotten that tax day is on 31 October. Knowing where to begin with gathering the information and documents that you will need...
You’re Supplying the Home Office, Now Get the Government Pay for It During ordinary times, the Australian government imposes strict requirements on whether and when a person can claim deductions for a home office. But we are not living in ordinary times, and the Australian Taxation Office (ATO) has recently announced changes to the tax...
Choosing an accountant is like choosing a new business partner. The right accountant will become a trusted colleague you can depend on, who offers advice and guidance as your small business grows. So what are the top things you need to look out for? Top tips for choosing an accountant Once you’ve decided it’s...
Your complete list of Accounting FAQ’s! Do I need accounting software for my small business? In short, yes you do. You should always be using accounting software to keep yourself compliant and in control of your businesses finances and payroll. Antiquated paper based recording on the other hand is time consuming and error prone. How does...
Social media has changed the way we do business. While small business owners were once limited to their own networks, social media has opened up a global audience. The result? An unlimited potential for growth, profitability and success. While we know that social media is important, it is also time-consuming. More and more platforms have...
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 affect you. The rise of more and more intelligent software is undoubtedly having an affect...
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 allows you to see how financially sound your business organisation is. Simply put, accounting is...
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? No mandatory commute means money saved. No managers or investors to keep most of the...
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 income & expenses: Creating professional invoice and quote or secure connection to POS is the...
