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3 Reasons You Need a Cash Flow Statement

On June 19, 2020

Wondering if you need a cash flow statement for your small business? Of course! Without it, you won’t have a clear picture of how much money is moving in and out of your business, which may cause you to make poor financial and management decisions. If you want to remain well-informed about the financial state […]

15 Tips to Save Money on your 2020 Tax Bill

On June 12, 2020

The end of the 2020 financial year is fast approaching. Have you looked at the financial performance of your business to date? What about your year to date personal/family income and expenses? Now is the right time to take stock and review all this. Over the next few days, you can take appropriate steps to […]

4 Benefits of Cloud Accounting Services You Shouldn’t Ignore

On June 12, 2020

Whether you enjoy accounting or not, there’s no denying that it’s critically important in any business. You need it to keep track of your finances, and you must do it regularly if you’re serious about sustaining your business. However, accounting is not always easy to do. Sometimes, simply gaining access to the software you need […]

4 Reasons Why Your SME Should Outsource Accounting Services

On June 5, 2020

A crucial decision for small business owners is deciding when to outsource their financial processes. They might be able to perform accounting functions for a while, but as the business gets more revenue, they should actively consider getting a small business accountant. When they’re ready, they can hire someone in-house, but an outsourced accounting service […]

Australian Tax System

On May 31, 2020

Taxation is one of the primary income streams for a government. It’s levied upon almost all working individuals and businesses operating in the country. The most significant form of taxation in Australia is the income tax. Australian Tax System is based on progressive rates, which simply means the more an individual’s income is, the more […]

The JobKeeper Payment – support for Australian businesses and sole traders

On April 6, 2020

The Government has announced a range of new measures to support Australian businesses, employees and sole traders. The JobKeeper Payment aims to support businesses to maintain their income and connection with employees. These connections will enable businesses to reactivate their operations quickly after the crisis is over. The JobKeeper Payment Eligible businesses will be able […]

Working from home expenses

On March 26, 2020

With social distancing policies in full force in Australia due to COVID -19, a lot of employees are required to work from home. Working from home has its own challenges and it definitely leads to increased costs like electricity, heating, cleaning, Mobile etc. But thankfully, you are entitled to claim expenses incurred because of working […]

Covid-19 – Concessions by State governments and Banks

On March 24, 2020

This article covers the various concessions and grants initiated by the state governments and some banks in response to the outbreak of Covid-19. Victoria Payroll tax waived: Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. Eligible businesses must continue to lodge returns but do […]

Summary of Stimulus packages: COVID-19

On March 23, 2020

Over the past six months, Australians has faced devastating natural disasters including drought, fires, floods, and now, the outbreak of coronavirus (COVID-19). Governments, businesses and communities all around the world are facing unprecedented challenges. In the midst of these difficult times and to keep the cash flowing through the economy, the central Government has released […]

The Stimulus Package: What you need to know

On March 18, 2020

The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four-part package focuses on business investment, sustaining employers and driving cash into the economy. An updated package was announced on 23rd march 2020 For Businesses: Business investment Increase […]

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