If you’re running a small business in Australia, chances are you’re constantly pressed for time. Preparing and lodging your business payment summaries would certainly take time, good thing the Australian Tax Office (ATO) now allows certain reports to be lodged online.
If the type of annual report you’re going to lodge is all about payments you have made regarding work, which includes salaries and wages, then you’re in luck as the ATO allows Pay-As-You-Go (PAYG) withholding payment summary annual report to be lodged online.
The only question is, how do you prepare and lodge your business payment summaries online? Continue reading
Owning a small business on the Gold Coast is always exciting. It’s an uphill battle most days, but owning and operating your own venture creates a great sense of pride and purpose. While the sense of accomplishment is running high, many people that open businesses tend to overlook certain aspects of the operation. One such area that isn’t very glamorous is the bookkeeping that needs to be taken seriously.
Bookkeeping is not very exciting. However, keeping a proper set of books for your business is essential to the health of your business. In this article we’ll take a look at some of the reasons why you need to focus on bookkeeping for your business and some helpful information to ensure you stay on top of the bookkeeping. Continue reading
Owning and operating a small business on the Gold Coast has its challenges. With each quarter bringing a new set of issues – along with reporting duties that need to be fulfilled – you need to stay on top of all of the various aspects of your business if you want to stay ahead. You want to have your bookkeeping well arranged for when the ATO comes around, so having a qualified and experienced bookkeeper is a great investment.
There is one issue that remains somewhat sticky when it comes to bookkeepers. That issue revolves around the hourly rate for services. Hourly rates can be difficult to determine, and can be difficult to wrap one’s head around. There are various factors and services to consider when choosing a bookkeeper that fits your business’ needs. In this article, we’ll examine a few of those factors and try to zero in on just what constitutes a reasonable rate for bookkeeping on the Gold Coast. Continue reading
Thanks to a number of bills and laws passed in order to stimulate the Australian economy, a lot of business owners get to see their operations flourish. But the biggest winner of them all are current owners of small businesses and those who are planning to live out their entrepreneurial dreams, since a huge portion of the economy-driven laws passed by the Australian government is focused on small businesses.
The country is acknowledging that the path to a sustainable national economic growth is through strengthening the present small business landscape by enforcing substantial tax breaks and encouraging would-be small business owners to realize their plans. After all, small businesses provide enough jobs for Australia’s growing work force. Continue reading
Business is not for the faint of heart.
Business owners will quickly tell you the amount of stress they go through just to keep up with the demand, sustain the growth of the business, or plug problems before it can deal a fatal blow.
The constant juggling of different duties makes it easier to forget transactions that are supposed to be recorded and fail submitting necessary compliance documents in time. Continue reading