Accounting all year round

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]

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]

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]

Posted on: 29 October 2015

Trading and bartering may seem like a great way to simplify life or even avoid taxation, but unfortunately, in many cases, you may have to pay taxes on trade and barter arrangements. Wondering when these rules apply to you? Check out these guidelines: 1. The Australian Taxation Office does not tax personal trade and barter situations. In most cases, if you use trade or barter for your personal, non-business use, the ATO does not tax that activity. [Read More]