How to Claim Clothing Costs Against Your Tax Return

Posted on: 24 August 2018

Most people are aware that they can itemise some deductions on their tax return in order to reduce their overall liability. Some of these deductions are fairly obvious, but many of them are rather obscure and are often hidden behind lines of tax code. Do you always err on the side of caution when you're trying to claim back from the government, as you'd prefer to avoid any questions, or do you seek out any potential advantage as you try to reduce your exposure? [Read More]

4 Accounting Functions New Businesses Should Consider

Posted on: 12 December 2016

Many entrepreneurs who start small businesses may be unable to hire full-time accounting professionals from the launch date of their businesses. Such business owners may need to hire part-time help in order to ensure that the company doesn't run into accounting problems. This article discusses four key accounting functions that startup business owners should consider hiring professionals to execute on a part-time basis. Setting Up the Accounting System You need to hire an accounting professional to study your business. [Read More]

Differentiating Between Invoice Discounting and Factoring

Posted on: 20 September 2016

If you are a business owner and your clients are taking longer and longer to pay up their invoices, you may find yourself feeling quite stressed. Unfortunately, late invoice payments are a common occurrence among most businesses. Typically, it is not a guarantee that just because you have a profitable business you will also have steady cash flow. So how is it that you could be having a profitable business yet you have unreliable cash flow finance? [Read More]

What Are BAS and BAS Agents in Australia?

Posted on: 31 December 2015

BAS is an abbreviation that stands for Business Activity Statements. BAS agents are those professional that offer business activity statements related services. These professionals are trained and registered as accountants and bookkeepers. Businesses use BAS in their tax obligations. Other individuals that use BAS are those providing quarterly installments of pay-as-you-go tax.  But when do you need to be registered as BAS agent? This article will look at BAS and how to become qualified BAS agents in Australia. [Read More]