Small Business Bookkeeping is the process of recording all financial transactions made by a business. Bookkeepers are responsible for recording, classifying, and organizing every financial transaction that is made through the course of business operations. Bookkeeping differs from accounting. The accounting process uses the books kept by the bookkeeper to prepare the end of the year accounting statements and accounts.

What is GST in Australia?

What is GST in Australia?

The Goods and Services Tax is a tax imposed on most goods and services in Australia. It is also known as a consumption tax because it is charged on things we consume rather than being applied to our income. To learn more about GST, read this blog. How does GST work in...

What are Deferred Non-Commercial Business Losses?

What are Deferred Non-Commercial Business Losses?

You may have heard of deferred non-commercial losses. If you are not familiar with this concept, it would be worth reading this blog. Here is detailed information regarding non-commercial business losses. What is deferred non-commercial business loss? A non-commercial...

Why Your Business Needs a Payroll Expert?

Why Your Business Needs a Payroll Expert?

For many businesses, managing payroll can be a time-consuming and complex task. Administrative tasks, often require in-depth knowledge. That’s why it is crucial to receive support from someone who is experienced in handling payroll. By seeking help from a payroll...