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 …
Friday, 26 Apr 2019
Property lease incentives are offered to entice tenants by landlords of commercial properties. It is typically a discount on the asking lease price which is based on the value of the lease term. It can be offered to persuade a …
Monday, 15 Apr 2019
Not-for-profit organisations in Melbourne have to abide by the payroll tax charged by the Victorian government. A payroll tax is a self-calculated state and territory tax assessed on the wages paid or payable to the employees by the employer. The …
Monday, 8 Apr 2019
The instant asset write-off has been creating a lot of buzz in Sydney since January when the federal government announced about the extension of its deadline till 2020 and an increase of $5000 in its threshold value. The changes are …
Tuesday, 26 Mar 2019
The end of the financial year 2018-19 is approaching in a few months and before you know it, you will be feeling exhausted with all the workload. It is going be the busiest time of the year when you will …
Monday, 18 Mar 2019
You must have often heard about the term PAYG instalments in your professional dealings, or as a business owner, or from several bookkeepers. The abbreviation stands for Pay As You Go (PAYG) and the instalments are a system for making …
Friday, 8 Mar 2019
Reviewing and auditing of financial reports is not just limited to the for-profit sector. It is equally applicable to the not-for-profit entities and the 55,000 charities registered in Australia. The financial statements of non-profits in Melbourne are audited for a …
Wednesday, 27 Feb 2019
The modern world has broadened its horizons magnificently through globalisation and technological advancements which have revolutionised all business functions. Consequently, bookkeeping in Melbourne has also been affected by the wealth of financial information being generated by an organisation as well …
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