Business Activity Statements— the dreaded moment all business owners in Australia face. Going through the motions of tax calculation and reporting is mentally, physically, emotionally, and, if you make mistakes, financially draining.
On a good day, reporting your BAS is exhausting as it is. Now add more factors into the mix and you’re looking at gibberish too complicated for your own good you’d wish that there’s someone who can do this efficiently for you, as getting your bookkeeper to do it for you may not be technically legal.
Debts of any sort are a burden. Whether it be personal, business, school, or in the form of a loan, a debt can quickly go from manageable to out of control and stressful. For your business, getting behind on taxes, lodgements and debt repayment is probably not written into your business plan. In order to avoid letting debts get out of control, it’s important to understand the deadlines for lodgement obligations. It’s also important to have a plan in place in case you do get behind in your debts and lodgements. Here is some information to help you wade through the murky waters of the Australian Tax Office.
Here are some deadlines to keep in mind for the upcoming year. Since they are the norm for most businesses, quarterly reporting deadlines will be covered. Continue reading
MYOB has been trusted by over one million Australian businesses to make bookkeeping simpler and more direct. Because of its simple interface, MYOB has become one of the most successful of accounting software in the last few years. Recently, however, the competition has been much fiercer among online bookkeeping companies, and MYOB’s reign at the top is in jeopardy. MYOB still leads the way, but for how long will that be?
Let’s look at some aspects of MYOB that have kept it at the top of the list recently. Continue reading
When choosing accounting software for your business, it’s important to choose one that not only fits well with the type of business you are conducting, but one that is simple to navigate and utilize as well. Proper bookkeeping requires education at every turn, whether it be the software itself or the practices involved. And for the last 3 years, Saasu accounting software has been one of the simplest and most effective bookkeeping software companies available worldwide, and have a great team ready to help you every step of the way. Continue reading
A new page has been turned in Xero’s accounting software manual. With its other main competitors already having a system to track inventory, it was only a matter of time before Xero included a system of their own. There are pitfalls to be sure, but Xero’s inventory software is sure to make its users very happy. Continue reading