Things You Never Knew About Accounting for the Self-Employed

Things to think about when starting a self managed superannuation fund

Starting a self managed superannuation fund is something a lot of people think about doing to be able to fully control their assets and benefits they get from their superannuation fund. This is not a simple procedure, and there are many things you need to keep in mind to start a self managed superannuation fund […]

Why your bookkeeper should also be a registered BAS agent

Business owners in Australia are required to generate Business Activity Statements (BAS), which are then used for purposes of calculating and reporting the business’s tax obligations such as GST (Goods and Service Tax) and PAYG (Pay As You Go – for employees). There are fines for getting your BASs wrong, which is why you need […]

Provide These Documents to Your Accountant When Filing Your Taxes

When you need to get your taxes filed, you should consider hiring an accountant. This allows you to have the taxes filed for you, while the accountant does it effectively and gets you the biggest tax return possible. Here are some documents your accountant will need when filing the taxes. Tax and Payroll Documents The […]

Why Your Business Should Outsource Payroll As Soon As You Hire New Workers

When you start hiring employees, you must either sort out their wages yourself or hire a payroll service. While outsourcing this seemingly simple task may seem like another unnecessary expense – especially when your overheads are increasing – it could be well worth the investment. Here are five reasons why. Accountants Know the Law Inside […]

4 Small Business Services Provided by an Accountant

If you have a small business, it is your responsibility to pay employees, purchase inventory, grow your business, and pay taxes. While many businesses do this on your own, you may want to hire an accountant. Here are small services that an accountant can provide you. Filing Your Taxes  The taxes are one of the […]

Accounting Tips for Your Small Business That Will Simplify the Process

Keeping track of the books for your small business might seem like a nuisance, but it is required for tax related purposes.  It is possible to save time and money as a small business owner if you know what accounting strategies are most effective. This means that if you want your small business to be […]