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Single Touch Payroll – What Every Business Needs To Know!

From 1st July 2019 every small business in Australia that employs staff will need to change their reporting to the ATO. Previously the monies paid to employees were reported annually to the ATO, however, this new system known as Single Touch Payroll will enforce weekly reporting to the ATO. This commenced in 2018 for businesses…

Why You Should Use a Registered Accountant as a Bookkeeper

Often people think of bookkeepers and accountants as seperate and performing different functions. Many businesses keep the accountant relationship for the bigger ticket items and hire a bookkeeper for the every day accounting work for a perceived cheaper cost. However, there are a number of reasons why using a registered accountant as your bookkeeper can…

Have A Stress Free Christmas In Your Business

Christmas can be joyous, but when it comes to money we can all feel the pinch. As business owners there can be even greater issues around money and cashflow. So with only a few weeks to Christmas here are my top tips on preparing your business for a stress free Christmas. 1. Review past years…

Take Your Accounting Systems To The Next Level With These Apps

Cloud accounting software has certainly helped us become more efficient. But now we can take it a step further and bring even more efficiencies with some cool integrated apps. Integrated apps are designed to work in with your existing software and add features that aren’t available within the software itself. Here are my top picks…

How A VCFO Can Help Your Business

If you thought that a CFO or Chief Finance Officer was just for the big companies you were wrong. More and more small to medium sized businesses are including a CFO into their growing team. So what is a CFO and what is the difference between a CFO and a bookkeeper or accountant? Remember that…

Achieve Work Life Balance Through Outsourcing

Many people who start a business do so because they want freedom. It might be freedom to make decisions or freedom around their time and choosing where and when they work. However, the reality is for many small business owners is that once they start working in their own business they work longer and longer…

The Importance of Using Accounting Software

I get it, you have more important things to do in your business than accounting right? While most people find doing their bookkeeping and accounting tiresome it is important to the overall health and wellbeing of your business. So, if it is something you have to do, it is best to make it as easy…

Bookkeeping Can Be Sexy

Ok, so we know this is a bit of stretch…..I know, I know, you are thinking that bookkeeping and accounting just might be the least sexy thing you have do right? But stay with me……here are my top 5 reasons why bookkeeping can be sexy….. CommunicationWe know that in order for all relationships to work…

What to claim when working from home

If you have a micro business and work from home here are a few tax deductions you may not have thought about before. Make sure you take a look and claim what is appropriate in your tax return. Here are our top 5: 1. Home running expenses When running a business from home (or if…

Trouble with Xero?

What can I say? I am passionate about Xero! For me Xero makes accounting accessible and straight forward for business owners that don’t have much experience with bookkeeping. It is simple to use and gives you all the up to date reporting that you need. It also means that you can do all of your…