Understanding the ATO’s New Approach to Unpaid Tax and Super In recent months, the Australian Taxation Office (ATO) has made significant changes to how it handles unpaid tax and superannuation. This shift primarily targets businesses that refuse to engage with … Read More
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Accounting
Keeping on top of tax and expenses when self-employed – some tips and tricks
Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and … Read More
Key dates for September and October 2024
The new financial year is now already in full swing As a small business owner or manager, don’t forget the key compliance dates that are coming up in the next couple of months. KEY TAX DATES – SEPTEMBER/OCTOBER 2024 21 … Read More
Why you should move to Cloud Accounting
If you’re managing a small business, the chances are that you’re using one of the current crop of cloud accounting platforms. Whether your chosen software is Xero, QuickBooks or MYOB, these online accounting tools are now the standard for business … Read More
Getting your small business tax in order
With the 2023/24 financial year now wound up, it’s time to think about submitting your tax return and making sure you have the cash reserves put aside to pay the company’s tax bill. This short guide to getting your small … Read More
DIY Bookkeeping and Accounting? The 5 big challenges
When you’re starting out as a small business owner, the temptation is to go DIY with your accounting. Hiring a professional accountant or tax adviser costs money and that’s an overhead that you can remove by doing all the financial … Read More
Should you buy a building for your business?
Should you buy a building for your business? Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if your business is well-established, you have money to invest, and … Read More
The ABCs of bookkeeping
The ABCs of bookkeeping In today’s digital times, you’re probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs) and cashflow metrics. Without good bookkeeping, the speed and quality of your reporting can quickly fall down. … Read More
Super Guarantee Rate Rises in July to 11%
In July 2023, the superannuation guarantee statutory rate will rise to 11%. Annually, the rate is increasing by 0.5% until July 2025 when it will reach the legislated 12%. Prepare Now for the July Rate Rise Review your current superannuation … Read More
Let us help you with transitioning to digital bookkeeping
Keeping up-to-date records of your business transactions isn’t the most glamorous part of being an entrepreneur, that’s for sure. But, in reality, having accurate and up-to-date bookkeeping is actually one of the core ways to keep your finances (and your … Read More