Blogs

Many small business owners believe the Australian Taxation Office only reviews a business when someone reports it or when there is an obvious mistake in a tax return. That is not always the case. The ATO uses data and industry benchmarks to compare your business with other businesses operating in the same industry. These benchmarks […]

For decades, the accounting industry has been obstructed by tedious, time-intensive workflows. Whether it’s accounts payable, billing, data entry, Bookkeeping or template creation, payroll, accounting firm have usually spent most of their moment in time working on non-creative executive activities. Most of the firms still using the old-fashioned, by using the ledger, receipts, handwritten copies, and all.

EOFY is approaching! It’s still not too late to get your tax in order. There are several strategies that can help you lower your taxable income just before the end of the year. For example, you are allowed to deduct the cost of acquiring machinery and equipment in full, upfront, up to a set dollar

Buying a business: If you’re ready to ditch being an employee and looking to take the plunge into being a business owner, here are seven things to consider before you put your hand into your pocket to purchase a business. 1. Check that you are ready. Running a business can mean long, hard hours using

Given the crucial role an accountant plays in your business, it’s important to find a qualified professional who has the right experience and expertise, so they add value to your business. When you’re sharing so much personal and financial information with them, finding someone you feel comfortable with is just as important. How do you

Preparing your annual tax return can be full of worry and stress, so being proactive and prepared certainly helps. Handing this task over to a professional can bring enormous relief. Here are a few tips for you to think about and apply to make this time of year more palatable.  Working from home expenses (important during the COVID