Many Australian businesses are turning to online bookkeeping services to manage their bookkeeping needs, but what is it that a small business owner should look for in a bookkeeping service, and is this the right choice for your business? Let’s look at some of the benefits and challenges associated with using an online bookkeeper to […]
Outsourced bookkeeping provides many benefits to businesses, such as increased flexibility and cost savings, vs hiring in-house. Find out more
If you’re running a small business, having efficient and effective bookkeeping systems in place is crucial to your success. It can help free you up to focus on the goals of your business. This, in turn allows you to make informed decisions that can impact your bottom line in the longer term. So, what do […]
The words ‘June’, ‘end of the financial year’ and ‘tax time’ often strike fear in the hearts of business owners. Although the end of the financial year can be a very daunting and stress-inducing time, it doesn’t have to be. When you invest in the services of a bookkeeper and an accountant, you put yourself […]
An Audit is a formal examination of accounting books, documents and vouchers of a business concern in order to verify the profit and loss and the financial position of a business. It’s a systematic check or assessment of financial records of a business, department or organization to establish accuracy or efficiency. The examination of the […]
Many Australians have money in more than one super fund. That is because when a new employee does not choose a superannuation fund, their employer chooses a default super fund for them. When someone changes jobs and does not choose their own fund, this can result in having multiple superannuation accounts as new accounts are […]
Real estate and legal firms in Australia that hold or receive money on behalf of others are required to open and maintain trust accounts to manage these funds. There are strict rules around the setup and maintenance of trust accounts that can differ in each state and territory. These include, but are not limited to, […]
In Queensland, individuals and companies must hold a QBCC licence to carry out building work where it involves: Plumbing and Drainage Gas Fitting Termite Management – Chemical Fire Protection Completed Residential Building Inspection Building Design – Low Rise, Medium Rise and Open Site Classification Mechanical Services
All businesses in Australia are legally required to report their finances to the government. There are also payment obligations businesses must meet. If your business is not in compliance with these laws, then you can incur heavy penalties. That is why it is so important to adhere to your business obligations and maintain accurate and […]
How can you make bookkeeping for tradies quick, easy and cost-effective? Find out the tips and tricks that will help save time and money.
