Category: Accounts

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6 Common Tax Mistakes That Small Business Owners Make

  • On September 21, 2020
Managing tax is indeed a pain for many self-employed individuals and small business owners. There are so many tasks that you have to manage, and the last thing on your mind is to sit and look through your books for hours. However, it’s vital to keep your tax under control if you want to avoid […]

6 Reasons To Look at Your Financial Reports

  • On August 18, 2020
Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then here are 6 reasons […]

Keys To Success: 5 Reasons Why You Need An Accountant For Your Small Business

  • On July 24, 2020
If you are a business owner, the chances are that you wouldn’t want to be handling all the bookkeeping and accounting details of your company, and that is for a good reason. Perhaps you aren’t exactly good with numbers, or you often miss out on important details, or you would really just rather focus heavily […]

Accountant vs Virtual CFO – Which One Is Right for You?

  • On July 20, 2020
Accounting is an integral part of a business. An accountant does not only record the financial transactions and keep them in place, but they also help oversee a business’ financial health and make sound decisions towards bettering it.  If you run a startup or have a growing business, it’s imperative to hire a small business […]

Our Tips to Significantly Improve Your Cash Flow

  • On June 26, 2020
What is ‘cash flow’? As the name implies, it is the flow of your business’ money. It takes a look at where the money is coming from as well as where it is going out to. For instance, sales can be a source of funds, while investments can be where your money goes to.  Another […]

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 […]

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 […]

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