Accounting

Take the following steps to ensure that your business’ bookkeeping doesn’t become an overwhelming burden.

There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements…

As a small business owner, you need to be clear what this means, where you can save money and what new legislation you are able to take advantage of. Here’s what you should note…

If this time of year fills you with regret and disappointment, don’t despair. There is still time left to get to work on finishing this year off as well as we can. Set out to make it a Personal Best.

No matter the size of your business, if you’re offering credit to your customers it’s highly likely at some point you will do work for a customer who will blatantly refuse to pay.

If you think that bookkeeping and accounting fees are high, consider this horror story, which could be the one tale that gets business owners thinking about their own business.

A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.

Australian firms need to ensure payroll systems are up-to-date and supported by providers ahead of looming SuperStream deadlines.

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

Tax cuts, higher household incomes and a boost to Australia’s economy will all be the result of a reform to the GST, according to a new report released by CPA Australia.

The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.

The Reserve Bank of Australia (RBA) has lowered the cash rate to 2.25 per cent, effective from today.

The economy continues to be a source of worry for Australian businesses, pushing business confidence down for yet another quarter.

Bendigo Bank has today launched what they claim to be a first in Australian banking, a 24/7 business banking app designed for the bank’s business customers.

The decision by the government to repeal the mining tax could negatively impact small business owners who may have to pay back taxes if they placed a return linked with tax support provisions.

The Tax Commissioner believes bitcoin is not money or foreign currency and bitcoin transactions should be treated like barter trades, with similar tax results.

Australian businesses are invited to have their say on the current tax system and its impact on their operations.

The ATO has sought to simplify information available to small businesses, developing an online “newsroom” to inform business owners about their tax and super obligations.

This year 1,200 Tax Help volunteers will be on hand at 830 community centres across Australia to provide support to people having difficulty completing their own tax returns.

A new smartphone application developed by the Australian Securities and Investments Commission (ASIC) will help small business owners undertake important checks before they enter into business transactions with other organisations.