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If you are familiarising yourself with bookkeeping-related terms, you might ask what exactly is bookkeeping? Our bookkeeping for beginners guide is a good place to start. But dig a little deeper and another question that may come up is “What is double-entry bookkeeping?’ This is one of those bookkeeping terms that needs a little more […]
What Is Double Entry Bookkeeping? Read More »
Starting a new business is an exciting and challenging journey. Managing payroll is one of the most important aspects of running a successful company. For many new business owners, navigating complex payroll laws and regulations can be confusing.
Payroll Guide: The Basics Employers Need To Know Read More »
Like most Australians, you probably assume you will not be able to access your superannuation until retirement. Depending on what stage of life you’re at, retirement can be a long way off. But life, as we know, is unpredictable.
When Can I Access My Superannuation? Read More »
Do you dream of the day you can escape the daily work grind? Do you already have a picture in your mind of the retirement lifestyle you would like to have? If so, you’re likely to ask yourself, “how much superannuation do I need to retire?” With the rising cost of living, life expectancy, and
How Much Superannuation Do I Need? Read More »
Are you a new business owner in Australia feeling overwhelmed by setting up payroll taxes? If so, you’re not alone. The idea of navigating the rules and regulations of payroll taxes can be daunting! But the good news is that setting up payroll taxes doesn’t have to be a big deal.
Who Pays Payroll Taxes? Read More »
Single Touch Payroll (STP) is a system for reporting payroll information to the Australian Taxation Office (ATO). STP makes it easier for businesses to meet their reporting obligations and ensure that employee payments are correct. However, making the transition to STP can be a bit overwhelming.
The Single Touch Payroll Checklist: Steps To Follow Read More »
Choosing the right type of accountant for your business is like choosing the right tool for a handyman job. While some tools may look the same, there can be significant differences in how they work. For example, choosing a metal cutting blade to cut through some timber will waste energy, time, and resources.
Types of Accountants: What You Need To Know Read More »
End of quarter means it’s time to submit another Business Activity Statement for your business. These are issued by the Australian Tax Office and are essentially a facility for you to report the money that has come in and gone out of your business to cover a range of tax liabilities. Failure to submit your
BAS Preparation Checklist Read More »
Business Activity Statements (BAS) are a source of anxiety for many modern business owners. That stress only gets worse if you have not been keeping accurate records of your business finances and putting money aside to pay for it when it is due. Any business that is registered for Goods and Services Tax (GST) is
What Does BAS Stand For? Read More »
When you are running a business, there are various things you need to stay on top of. It is just as important to keep your employees happy as it is to keep track of business functions – there is much to do to keep your business running smoothly. One key factor that determines the happiness
4 Types Of Payroll Systems To Get Your Business In Order Read More »
