Monday, 30 Dec 2019
A small business owner is always tied up with a plethora of tasks involved with running a venture successfully. As the entity starts growing, so does the financial transactions and their recordings. It becomes impossible for an entrepreneur to keep …
Thursday, 19 Dec 2019
The Taxpayer’s Charter was introduced in 1997, and it lays down the guidelines in which the Australian Taxation Office (ATO) must deal with the taxpayers in Australia. Being the primary revenue collection agency in the country, the ATO has to …
Tuesday, 10 Dec 2019
The core functions of accounting and bookkeeping have been evolving with the changing economic scenarios and corporate structures around the world. From merely being a part of the entrepreneur’s repertoire, this profile has bloomed into a specialised service which has …
Monday, 2 Dec 2019
It is almost impossible to run a successful business without the expertise of a bookkeeper. These professionals are an indispensable part of small as well as big organisations as they are responsible for managing the books and payroll services. They …
Tuesday, 19 Nov 2019
Operating a small business in a big city like Melbourne is no mean feat. It goes without saying that business ownership brings along a plethora of responsibilities that cannot be mastered by one person. This is the reason why most …
Wednesday, 6 Nov 2019
Running a business is no child’s play. You have to be a jack-of-all-trades to stay ahead in the cut-throat competitive world. Besides tracking the administrative work, human resources, stock management, customer relationship management and marketing, you need to have a …
Tuesday, 22 Oct 2019
Accurate bookkeeping is a pre-requisite for running a successful non-profit. However, crunching numbers is not everyone’s cup of tea. You may be a brilliant social worker and philanthropist, but when it comes to managing the balance sheets, you may barely …
Tuesday, 15 Oct 2019
Taxes are a taxing exercise for small businesses in Melbourne as they need to get it right by claiming all the deductions and without making any errors. As soon as the tax season arrives, it brings along a lot of …
Thursday, 10 Oct 2019
Small and medium-sized businesses are always plagued with the challenge of maintaining the flow of capital and limiting their expenses. Salaries and wages form a significant part of the costs incurred by an organisation, and any hike in this component …
Saturday, 14 Sep 2019
You might have come across the term franking credits, but never paid heed to its implications and utilisation. However, if you are running a business or planning to get into bookkeeping, then you must be aware of its significance. Franking …
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