Latest Blogs
In-House vs Outsourced Bookkeeping: What’s Right For Your Business?
In-House vs Outsourced Bookkeeping: Bookkeeping and accounting are the most crucial parts of every business either small or large. Many of the businesses outsource their bookkeeping services: however, others prefer to do it in-house. Before moving on with the...
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Tips to Prevent Payroll Problems and Reduce Errors
Payroll It is one of the most critical tasks to manage the payroll and it is face by entrepreneurs. The business owner must also ensure that you abide by the laws and regulations for your business. As the labor regulations and litigations are on the rise, blunders in...
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Bookkeeping Mistakes Small Businesses Should Avoid
Many of the small and medium businesses fail to fulfill the basic requirements of businesses while expanding their businesses. It can put the business at risk if not dealt in an efficient manner. This is an opinion of many of the businesses that accounting is just a...
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Tips for Effective Small Business Bookkeeping
small business bookkeeping tips One of the reasons why startups tend to fail is the fact that they don’t have the right small business bookkeeping practices. Bookkeeping services are known to give businesses an objective look at what is happening in their business....
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How to Lodge and pay for Tax
You must lodge a tax return every year for your business. It could be also required to lodge business activity statements in a regular manner. It depends upon the structure of your business that how you lodge the tax returns along with the options for tax payments....
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Why Intangible Assets (IAS38) matter?
Intangible Assets (IAS38) The companies incur higher costs in the expectation of getting benefits in the future. For instance, organizations pay salaries to App Developers, who develop applications. It is not relevant to put these salaries in profit or loss statements...
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Difference between Short and Long Term Financing
Short and Long Term Financing It could be a challenging task to maintain a healthy cash flow; between bills and ongoing expenses, staff and bottom line also the worse cash flow can influence your clients deeply. While developing a cash flow strategy, business owners...
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20 Tips for Managing Your Small Business Finances
Managing Your Small Business Finances Managing the money wisely must be the topmost priority of every small business owner. The manner in which the money moves in and out of the business is the cash flow. Your motive must be to keep cash in the operating account of...
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How Bookkeepers Can help Improve Cash Flow
The government provides temporary cash-flow assistance to the medium and small businesses and the non-profitable organizations which employ workers during COVID-19 related economic downturn. The bookkeepers are the backbone of every business since they keep the...
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COVID-19 Tax Round Up June 2020 – Tax relief Roundup Update
Global governments seek to create a modern coronavirus pandemic economy (COVID-19). The relief includes tax filing and payment extensions, as well as temporary rate cuts, in various countries . and in this COVID 19 tax round-up June 2020, this includes tax round up...
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Government Incentives to Help Small Business During COVID-19
The whole world is facing extraordinary situation with pandemic COVID-19. This pandemic has disturbed the social gatherings, industries and daily life of people. As the pandemic is growing, the rapid change in the climate has left the businesses to move on with their...
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Working From Home During COVID 19
Due to COVID-19 outbreak, many of the employees in Australia have been encouraged to work from home . The ATO has declared a relaxation to the normal work from home rules and initiated a latest fixed rate of 80 cents that will cover all the deductions. This method has...
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COVID-19 (Coronavirus) Information for Small Business
You will get the latest information regarding the obligations and rights of small businesses regarding the scenario caused due to Coronavirus pandemic. The small businesses are struggling nowadays to manage their delays, cancellations, and suspension of services and...
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COVID-19 and Your Business Financial Management Strategy
The pandemic COVID-19 has disturbed the world. Irrespective of the industry in which you are involved, you will have to alter your business operations, according to the current scenario. The response in the traditional crisis will not be sufficient because this kind...
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COVID-19 Update: New Coronavirus Stimulus measures for your Family
The Government has announced the details of two crucial packages to aid millions of Australians in financial distress. JobKeeper payments Earlier, the authorities declared a wage subsidy scheme to offer payments of $1500 per fortnight to millions of Australians. The...
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COVID-19 Update: Government announces new tax measures for affected business
ATO New Tax Measures to assist COVID-19 affected business The authorities has declared a number of economic responses to the Coronavirus (‘COVID-19’) pandemic, that includes the economic stimulus packages that is worth billions of dollars. Basic Tax...
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Government Announcement for Business Support : COVID-19 Update
Government Support Announcement for COVID-19 Affected Business The Prime Minister has declared assistance to Small Businesses of Australia. While everybody is facing difficulty time during pandemic, Government has declared support package for Small...
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Tips to Help Small Businesses to Keep Going during COVID-19 Pandemic
The pandemic Coronavirus has knocked down the economy of the world and most of the businesses across the continents. That is why this pandemic would be known as the darkest phase of this century. The authorities are taking different measures to safeguard the health of...
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