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A Guide to Understanding Non-Commercial Losses

A Guide to Understanding Non-Commercial Losses

In this blog post, you will come to know how you could offset your business loss against other income in case you are a sole trader or in a partnership. Now, let’s start with non-commercial losses. What are Non-Commercial Losses? A non-commercial business loss is a...

What are Common Bookkeeping Challenges?

What are Common Bookkeeping Challenges?

Running a new business is exciting and at the same time, it is overwhelming because you may have to deal with a number of tasks to keep your business running smoothly, in terms of business finances. Apart from business promotion, customer services, and launching new...

What Does a Bookkeeper Do?

What Does a Bookkeeper Do?

A bookkeeper is responsible for tracking all financial transactions of a company, such as business expenses, income, sales, purchases, taxes, and payroll. In addition to this, they also work with tax accountants at the time of tax return lodgment. A bookkeeper is a...

5 Bookkeeping Practises for Small Businesses

5 Bookkeeping Practises for Small Businesses

As a small business owner, you know the significance of bookkeeping for small businesses. However, when you need to manage financial transactions and other business finances, you may find yourself overwhelmed and confused about where to start. That’s why many...

When Do You Need to Lodge a BAS?

When Do You Need to Lodge a BAS?

When you start a new business, you need to make various decisions for your company. One of the first decisions is deciding whether you need to register for GST or not because it will impact how you manage your financial situation. If you register for GST, then you...

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