Friday, 8 Nov 2024
Bookkeeping is an art that skilled professionals with the required qualifications and experience can effectively perform. Every business needs its support to manage finances and stay profitable. Some businesses recruit them in-house, while others outsource the task to reliable bookkeeping …
Tuesday, 5 Nov 2024
Businesses have to operate within strict timelines and adhere to standardised workflows. The systematic processes cannot be disturbed because delays lead to disruption and downtime. Every department must be vigilant and stick to the code of conduct. The finance department, …
Friday, 11 Oct 2024
Businesses have to bear various expenses to manage daily tasks and processes. These include paying supplier bills, salaries, taxes, insurance premiums, employee benefits, commercial property rent, utility costs, marketing budget, etc. Besides these expenses, they also have to pay legal …
Thursday, 3 Oct 2024
Goods and services tax (GST) is a 10% tax levied on the sale of most goods, services and other items in Australia. Businesses collect this tax from their customers and pay it to the Australian Taxation Office (ATO). Every entity …
Friday, 20 Sep 2024
Non-profit or not-for-profit organisations in Australia are created to benefit society and accomplish a greater good. Individuals set up these types of entities to serve communities and work for a social cause. Some prominent names in the field are The …
Wednesday, 11 Sep 2024
Business owners entering the field of entrepreneurship for the first time must gain knowledge of various organisational departments. Whether it is marketing, supply chain, inventory, resource management, or bookkeeping, they must understand these functions and their effectiveness. While they hire …
Wednesday, 4 Sep 2024
Bookkeepers are financial experts who can help businesses manage their funds and turn them into profits. Their inputs make all the difference in making crucial decisions that require using funds and sticking to the budget. Without their supervision, keeping track …
Wednesday, 21 Aug 2024
Bookkeeping is a complex task and becomes even more challenging when the business is a partnership. Managing the financial records of a business with more than one owner increases the responsibilities of Melbourne bookkeepers. They have to determine the distribution …
Tuesday, 13 Aug 2024
Payroll processing is the most significant financial obligation of businesses with employees. Employers must pay employees for the time they use to work for the business, including attending meetings and opening and closing retail stores. The salaries must be paid …
Monday, 5 Aug 2024
Taxes are mandatory contributions made by profitable businesses and earning individuals to fund government spending. Those intending to withhold the amount through tax evasion have to face legal implications that involve recovering the outstanding taxes and super debts. Thus, every …
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