Inheriting property is a complicated experience. Amidst the grief, there are also significant financial responsibilities to consider. One of the most important things to understand is the tax implications, particularly when it comes to capital gains tax (CGT). Without proper knowledge, you could end up paying more tax than necessary when you eventually sell the […]
When you work with Darcy Bookkeeping & Business Services, you're working with our experienced and qualified bookkeepers. That includes our very own Elle Nott, bookkeeper extraordinaire. Tell us a bit about your bookkeeping qualifications or experience I have been working as a bookkeeper for more than 20 years. I started back in 2001 as a […]
Managing finances can be one of the most time-consuming and tedious aspects of running a business. If you’re a business owner looking to speed things up while maintaining accuracy, SAP accounting software could be the perfect solution. It simplifies bookkeeping, enhances reporting, and integrates seamlessly with other business operations. This review of SAP accounting software […]
Accurate and organised bookkeeping is an essential part of operating a business. Luckily for you, modern accounting software has made the process easier and faster than ever. If you’re using Xero, MYOB, or QuickBooks already, you can enhance their functionality with plugins. Two of the big ones are Hubdoc and Dext. They are both designed […]
The small business income tax offset is a valuable tax relief measure that reduces the tax burden for small business owners like you in Australia. By taking advantage of this offset, you could lower your tax liability and potentially pay less tax overall. In this post, we’ll walk you through what the offset is, who’s […]
If you’re looking for ways to save time so you can focus on running your business, Dext accounting software could be the perfect solution. Designed for job costing and document management, it seamlessly integrates with Xero and QuickBooks to automate invoice processing so you can run your business more effectively. In this blog post, we’ll […]
As a business owner, you may find managing receipts, invoices, and other financial documents overwhelming. Fortunately, Hubdoc simplifies the process. By integrating Hubdoc with Xero, you can automate and streamline many of your bookkeeping tasks. This will save you time and improve accuracy and efficiency. In this blog post, we'll guide you through everything you […]
As an e-commerce store owner, you know that managing your sales and keeping track of expenses and bookkeeping is important. However, it’s also very time-consuming. You might have heard of Shopify and wondered if it’s worth paying for. But did you know that it’s not just a platform for selling products online? It’s also a […]
If your business has to pay legal fees, you might be wondering if you can deduct them from your taxable income. In the last year, 1.8 million taxpayers claimed deductions on legal expenses – so the short answer is yes. However, the Australian Taxation Office (ATO) has specific guidelines on which legal fees are tax-deductible […]
Darcy Bookkeeping & Business Services' very own tax accountant Brad Reynolds recently appeared on the Your Number Man podcast. He shared his expertise with guiding small businesses with their tax structures and tax accounting best practices. In this episode, learn about business structures (like sole traders, partnerships and incorporated companies), GST, maximising tax structures and […]
