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Do you operate through a company structure? If your answer to this is a yes then answer this next question. Has the company advanced you some money during the year or taken care of some expenses on your behalf? If you have a ‘YES’ answer to this too then it is actually time for you...
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account CHOOSING A GOOD BOOKEEPER
The difference that a bookkeeper whether the right or the wrong one can make in your business cannot be overstated. Simply put they can make or break the entire business. The right choice of bookkeeper will make your business grow in the right direction. It is therefore important to know what to do to choose...
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There has been a number of high-profile businesses in the media recently for the wrong reason. They have been accused of underpaying their staff including television celebrity chef George Calombaris’ restaurant group who back-paid workers $7.8 million in wages. More recently, supermarket giant Woolworths has admitted underpaying about 5,700 of their salaried staff an amount...
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If you own your business then it means you run things with passion and enthusiasm and perform the tasks you love doing with utmost concentration. But like so many other business owners out there, recording the details of every financial transaction is probably not one of those tasks. If the people you contract jobs to...
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Tax Agents Advice
The hardest thing to understand in this world is ‘income tax.’ Every small business owner tries various ways to minimize the tax legitimately. Unfortunately, nine out of ten small business owners pay more tax than they are obliged to. So, it is advisable that they should seek the advice of tax agents to minimize it....
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Value-Added Services Offered
Accounting and financial services have come a long way over the years. Accountants have used mere rocks to run their numbers in ancient times, and now have become smarter and inclusive. The reason behind so many people use accountants is for the huge advantages they offer. You can try and manage your finances by yourself,...
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Simplify your Business Growth with Reliable Accountants in Melbourne
This short article aims to provide information regarding the role that is played by an accountant in the business environment. Before plunging into the key roles, it is important to remark that accountancy is a demanding domain that requires highly disciplined individuals whose integrity is unquestionable. Let’s learn what makes accounting such an arduous profession:...
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Doesn’t it astonish you that only 30% of the local businesses will survive to the next generation? What is the reason behind such failures? Maybe, the reason of having unprofessional advisories is the most important aspect behind it, which should be considered wisely while setting up a new business or handling a sustained entrepreneurship/business. Business...
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As a business owner, you make hundreds of decisions daily… What task should you prioritise…? How should you respond to a particular email…? How can you increase your sales…? Is it wrong to take Christmas holidays in July…? The list is endless. Because we are frequently making these decisions, we don’t often stop to consider...
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start new business account
With a handful of exceptions, GST is charged on every single purchase we make. Of course, you’ve only got experience with the customer side of the GST equation. Now that you’re opening up your own small business, however, it’s important that you understand how the business side of GST works. It’s crucial that you understand your obligations...
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