Single Touch Payroll, or STP, is the latest change to how businesses report their payroll activity to the ATO. All Australian employers (including Small Businesses) are now required to report [...]
Welcome to Part Four of our series that explains simply and in plain english everything that you need to know about small business bookkeeping. This week we’re going to take a closer look at GST. [...]
When you’re running a small business, there’s a lot to do. So much more than just the product or service that you’re providing to your clients. The administration tasks that come with running [...]
Do you keep all your business receipts in a shoebox, a file, a folder, a Tupperware container, and then wait until you have time to input them into your accounting system? Wait! What [...]
Some small business expenses can seem irrelevant or inappropriate to include when you’re doing taxes but you can’t afford not to consider every legal possibility. Including certain business [...]
It might come as a surprise (and a big relief) to hear that some of the most common bookkeeping mistakes for small businesses are also the easiest to fix. Apart from using the right accounting [...]
If there’s one important bookkeeping tip that we always like to pass on to small business owners, it is to always make sure to stay on top of invoicing. Put simply. If you don’t invoice regularly [...]
Are the financials of your small business getting the better of you? Do you feel embarrassed asking for help? Do you worry about the expense of having someone come in to fix the issues The truth [...]
Bookkeeping starts with the recording of all day-to-day transactions – expenses, petty cash, invoices, wages, taxes, payments, receipts etc. This is fairly tedious and time-consuming stuff for a [...]
Life is full of surprises, but the fewer we have in business, the better. Cash flow is the lifeblood of your small business. It determines the financial health and well being of your business and [...]