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Capital Purchases and BAS Reporting

Capital Purchases and BAS Reporting

Spending hours wrestling with your BAS, trying to figure out the complexities of capital purchases and the G10 label? You’re not alone.  Many business owners find this process time-consuming, stressful, and prone to errors. This valuable time could be better spent focusing on growing your business. There’s a better way.  GeekBooks can help you simplify […]

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BAS Statements for Sole Traders

BAS Statements for Sole Traders: A Guide to Stress-Free Tax Time

Owning a business is like owning a car, and lodging a Business Activity Statement (BAS) is like checking your petrol gauge and refilling the tank when needed. Just as your car won’t run without petrol, your business won’t run smoothly without staying on top of your tax obligations. Keeping your BAS up to date keeps

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Self Managed Superannuation Funds

Is a Self-Managed Superannuation Fund the Right Choice for You?

As of March 2024, there were 616,400 self-managed superannuation funds (SMSFs) with a total of 1,148,481 members and $932.9 billion in estimated assets. Considering those impressive numbers, you may be wondering if an SMSF is the way to go to save for your retirement. What exactly is a self-managed superannuation fund? What are its benefits?

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How to Combine Superannuation Accounts

Simplify Your Super: How To Combine Superannuation Accounts

Are you juggling multiple superannuation accounts? This can make tracking your retirement savings difficult and potentially increase your fees. Consolidating your super accounts into a single fund can simplify your financial life and potentially boost your retirement savings. In this guide, we’ll discuss why you might have multiple super accounts, the benefits of consolidating them,

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Bookkeeping for Small Businesses

What Is Bookkeeping for Small Businesses?

Running a small business comes with its fair share of challenges, but understanding your finances shouldn’t be one of them!  Bookkeeping isn’t just about keeping records; it’s about playing by the rules, especially those set out by the Australian Taxation Office (ATO). At its core, bookkeeping is the process of recording all a business’s financial

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Payroll for Non-Profits

Payroll for Non-Profits: A Quick Guide

While running a non-profit or charitable organisation is rewarding, it comes with challenges. You’re constantly balancing mission-driven work with the administrative tasks that keep your organisation afloat.  One of those critical tasks? Payroll. It’s complex, time-consuming, and, if not done correctly, can lead to serious compliance issues.  But what if you could streamline this process

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Examining BAS Statement Examples

Examining BAS Statement Examples To Help You Lodge Your BAS

All Australian business owners, take note: A Business Activity Statement (BAS) isn’t just paperwork; it guarantees crucial compliance with Australian tax laws!  Lodging a BAS ensures your business is paying the correct amount of tax to prevent legal issues, build a reputation for reliability, and secure financial benefits through appropriate deductions and credits.  How can

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