Superannuation is an obligation every business owner needs to fulfill. It includes paying the super contributions for eligible employees and it is also the employees’ key incentive area. There are problems that you will encounter with superannuation especially when it comes to generating report of pay cycle and bulk payments. Once payment for super contributions […]
When you start a new business, one of the responsibilities you need to fulfil is registering for GST. Although GST registration is optional, there some businesses that automatically register for GST. If you have a turnover of $75,000 or more, you need to keep in mind that GST registration will be mandatory. However, if your […]
For your company to thrive in a rapidly changing corporate environment, you need to welcome change. However, not all changes taking place in your organisation creates a positive effect. You also have to make sure that the changes you make to your business will improve business operations and customer experience. When time-consuming tasks are slowing […]
As a business owner, you want to make sure that your business is on the right direction. One of the things to help your organisation prosper is by finding and using the best bookkeeping software. Business owners who invest in bookkeeping software understand its importance in managing business finances. The way you manage your finances […]
These days, may organisations have discovered the potentials and promises of having automated bookkeeping system because aside from a streamlined process, tasks that used to take hours can be significantly reduced to minutes. Eliminating repetitive tasks is also an additional advantage of an automated bookkeeping system. If you are still dealing with traditional bookkeeping system, […]
As a business owner, you are required to pay taxes and other obligations in a timely manner. However, there are other areas of your business that you need to focus on and these deters you from keeping track of these important dates. This is where your bookkeeper will come into play. Your bookkeeper should take […]
Do you experience delays in requesting for essential documents from your bookkeeper?Does your bookkeeper keep on missing deadlines without providing any valid reason? If you have been constantly giving the reminders of the importance of the assigned task, something needs to be done in order to correct the problem. While some tasks may not be […]
Have you ever asked your bookkeeper for a specific report only to receive a different document? Does miscommunication happen frequently? While it is easy to assume that it is distraction or laziness on the bookkeeper’s part, there can be a more serious reason such as the communication barriers. You and your bookkeeper may only meet […]
According to ATO data matching is a key component in terms of their surveillance programs. This is why you need to be very careful with your business transactions because the ATO is active with their audit practices and review. There is more to tax compliance than filing an annual income tax return. In fact, ATO […]
If you are asked to substantiate your claims, you will need to secure some essential documents such as contracts, invoices and receipts. This is why if you have already developed a habit of stashing receipts away in a shoebox, it is about time you give importance to this piece of paper because they play a […]