Tax, Accounting and Bookkeeping

Three measures aimed at supporting small business were introduced yesterday as part of the Government’s $5.5. billion Jobs and Small Business package.

As 30 June looms once again, the more than 2 million small businesses across Australia are going through multiple receipts reviewing what can and can’t be claimed to lower their impending tax bill.

When it comes to maximising the security of data in your office space, digitising your documents is one of the easiest ways to ensure all bases are covered.

While the $5.5 billion package has been well received, the questions facing Australia’s two million-plus small business owners are two-fold: what does it mean for me and what to do with the incentive?

Sage One is aiming to disrupt the cloud accounting market with a competitive solution aimed at Australia’s small businesses and accountants.

With the End Of The Financial Year on the not so distant horizon, it’s a good time to organise your financial affairs and assess whether your investments are structured to give yourself the best tax advantage.

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…

A little help goes a long way to ensure that you get your job done in time, and that you do it right. Using some online tools and apps will help you to multitask more efficiently, leaving very little room for error.

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.

Australia’s small businesses are said to be receiving a tax cut in tonight’s budget, part of a portfolio that Small Business Minister Bruce Billson described as “delicious” and “delightful”.

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.

After going over endless details of starting your own business, you’re finally ready to make your dreams a reality, but you don’t want to go at it alone. Like any other form of business, a partnership business has many pros and cons.

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.

The Commonwealth Government has announced an extension of the unfair contract protections currently available, a move to further protect the nation’s small businesses from imbalanced agreements brought on by big business.

What you may not know, however, is that the revised guidelines issued in 2014 by ASIC and the ACCC stress the importance of good record keeping. Here’s how…

While most start with a robust product roadmap and growth strategy, many don’t have a plan to evolve their approach to customer service…