Wednesday, 14 Aug 2019
The mere mention of the word ‘tax’ makes business owners anxious as they are either not ready for filing their returns or are busy updating their books. This is the reason why most organisations rely on the best bookkeepers in …
Wednesday, 31 Jul 2019
Unlike the common perception, non-profits are similar to other businesses, and they too generate profits. The only difference is that these profits are not put into commercial use but are utilised for a social cause. Naturally, they also need to …
Monday, 8 Jul 2019
Technological advancements have engulfed the entire world, and every domain is switching to digital platforms for better performance. Like all other fields, bookkeeping has been revolutionised with the evolution of cloud-based accounting, which has eliminated the tedious task of manual …
Monday, 1 Jul 2019
If you have been running a business in Sydney, you must be well aware of the income statement or the profit and loss statement. As the name suggests, this document provides the details of the organisation’s expenses and sales over …
Tuesday, 25 Jun 2019
Any job which is related to number crunching and finance management gets termed as accounting or bookkeeping by most people. However, we make a grave mistake by categorising accountants, bookkeepers, BAS agents and tax agents in the same league. They …
Wednesday, 19 Jun 2019
The humungous non-profit sector in Australia has come a long way. The number of not-for-profit organisations is increasing, and they are operating in diverse genres in cities like Melbourne. While many are seeking a foothold in the industry, others have …
Tuesday, 11 Jun 2019
You might have heard a lot about the Single Touch Payroll (STP) and may have even tried to solve the enigma. If it seemed a bit overwhelming, here is what you need to know. STP was introduced by the Australian …
Wednesday, 29 May 2019
Whether it is a small non-profit initiative organised by a few friends or a nation-wide entity, bookkeeping plays a significant part in determining its success. Financial management and reporting for non-profits in Australia are governed by new accounting standards AASB …
Monday, 20 May 2019
Now that you have made the decision to start your own business, the next question will be, what to do next. This can be an overwhelming time for many people, so here are some tips to make things clearer. With …
Friday, 10 May 2019
Fringe benefits are offered by an organisation to the employees to keep them satisfied and entice the best minds in the industry. These can include a company car, car parking benefit, entertainment-related benefits, loan fringe benefit, housing fringe benefit, property …
Liability limited by a Scheme approved under Professional Standards Legislation
