by Tommy | 20 Sep 2021 | Bookkeeping Tips, Small Business Tips
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer you use to run your print business. But... 
by Tommy | 10 Sep 2021 | Bookkeeping Tips, Small Business Tips
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 | 7 Sep 2021 | Bookkeeping Tips, Small Business Tips
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 | 3 Sep 2021 | Bookkeeping Tips, Small Business Tips
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... 
by Tommy | 18 Aug 2021 | Bookkeeping Tips, Small Business Tips
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the... 
by Tommy | 16 Aug 2021 | Bookkeeping Tips, Small Business Tips
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the...
