by Tommy | 16 Sep 2021 | Tax
With the increased availability of share trading apps, making it cheaper and easier to buy and sell shares, more people are entering into share trading for the first time. You must declare all income from investments in your tax return, including dividend payments... 
by Tommy | 15 Sep 2021 | Small Business
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have... 
by Tommy | 14 Sep 2021 | Small Business
Cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Keep the cash running freely and you can continue to grow your business. Here are five tips for improving your cashflow: Have a system to manage your debtors –... 
by Tommy | 13 Sep 2021 | Accounting, Small Business, Tax
If you are planning to close your business, there are a few important things to take care of. When you’ve put a lot of time and hard work into building a business, sometimes it’s hard to know what to do in difficult times. We can discuss whether alternatives might be... 
by Tommy | 10 Sep 2021 | Bookkeeping, Small Business
Some employers need to pay PAYG withholding liabilities to the ATO monthly, even if the BAS is lodged quarterly. The monthly instalment activity statement (IAS) and payment is due on the 21st, whether you are lodging your own statement or using our lodgement service.... 
by Tommy | 9 Sep 2021 | Small Business, Technology
Software technology has evolved massively in the past decade, with cloud-based apps now fundamental to many of the internal and external processes in your business. To ensure you’re getting the best from the available tech, it’s important to choose the right... 
by Tommy | 8 Sep 2021 | Small Business
There’s a massive difference between profit and cash. Let’s explore 5 key areas in your business to focus on. 1. Sales. Profit increases when you increase sales; cash increases when you collect the money from customers. To increase both your profit and cash from... 
by Tommy | 7 Sep 2021 | Bookkeeping, Small Business
What is the difference between a contractor and an employee and whose responsibility is it to get right? Here are some tips to get it right. An employee works in the business and is integral to that business has rights and entitlements under the Fair Work Act 2009 has... 
by Tommy | 6 Sep 2021 | Accounting
You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged an accountant? And do you understand the value that a good accountant and business adviser can add to your... 
by Tommy | 3 Sep 2021 | Bookkeeping, Small Business
Turning a profit will be high on your list of goals as a business owner. And if you want to save money and generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help...
