Did you use the reduced rates that applied for fuel acquired? Fuel tax credits are a valuable way for businesses to reduce their fuel...
Why Bookkeeping Is Essential for Your Small Business
A bookkeeper deals with the organisation, the recording and the reporting of financial transactions of a small business. But most importantly, a bookkeeper clears the way for the accountant to work with your business strategically. #SmallBusiness
As a small business owner, do you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious. In fact, they deal with the organisation, the recording and the reporting of financial transactions of a small business.
Simply put, a bookkeeper clears the way for the accountant to work with your business strategically. This means: keeping track of daily transactions, sending and managing invoices, handling the accounts payable ledger, keeping an eye on cash flow, and preparing the books for the accountant.
When you’re hiring, make sure you ask whether a bookkeeper has an area of specialisation. Some bookkeepers may be able to help train staff in using online accounting or POS systems or give you advice on business processes.
Other Blogs
Tax Deductions for Working from Home
Tax Deductions for Working from Home The Australian Taxation Office (ATO) has recently revised its approach to claiming deductions for work...
Taxes applied for providing car parking for your employees
Taxes applied if you are providing car parking for your employees If you provide car parking for your employees, you may have to pay fringe...
Received a business support grant?
Received a business support grant? You may have received a business support grant recently to help your business through tough times. If...
Future-Proofing Your Legacy: 10 reasons Why?
Future-Proofing Your Legacy: 10 reasons Why? Let me ask you this question, “is it important for you to protect your family wealth for...
Successor Director Solution: Business as usual
Successor Director Solution: Business as usual Caution: Having a Sole Director in a company without a backup plan is just not prudent. It...
Pick your Team Members In case of your incapacity
Pick your Team Members In case of your incapacity: Who will be your financial decision maker (Enduring Power of Attorney)? Who will be your...