Blog

Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the company accounts isn’t every entrepreneur’s top skill. If you are new to company accounting, or simply want to expand your knowledge, we can help explain the foundational reports. The profit and loss report and the […]

It’s great to be the boss – you can work any hours you like, right? Unfortunately, for many business owners, that means long hours, plenty of stress, and very few breaks and holidays. Being a business owner, you have to make many decisions. And it is hard to make decisions when the rules keep changing. […]

Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams, and it can help you get paid faster. E-invoices replace emailed PDF invoices or links to online invoices. Instead, e-invoices are delivered securely to your clients, even across different accounting systems.   Preventing invoice fraud Invoice scams […]

The last two years have been demanding and exhausting for many business owners. Are you one of them? The challenges have been relentless, and we know many small business owners have had to navigate unprecedented demands because of the pandemic and related government regulations. Burnout results from long-term stress and can manifest in emotional and […]

In some circumstances, it is compulsory to register for GST because of your turnover or because of your profession. But sometimes, it is good to register for GST because it benefits you. Remember, GST is the Goods and Services Tax.  This means it is a consumer tax that is charged on…well, purchasing goods or purchasing […]

There are some other taxes that you may be charged, depending on your industry.  These can all be reported on your Business Activity Statement (BAS). Fringe Benefits Tax (FBT) First of all, lets define Fringe Benefits.  This is basically a benefit that is received by an employee or their associate (and some other persons connected […]