Making the Most of Your Accounting Services

Do You Want to See Your Small Business Grow? Why Investing in Professional Bookkeeping Is a Great Way to Do It

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Bookkeeping is one of the most essential accounting processes any business can undertake. It entails recording all the outgoing and incoming cash in your company daily. Initially, bookkeeping was monotonous and tedious because all the transactions had to be recorded manually. But with the current technological advancements, you can use cloud-based technology, which is much simpler and efficient.  However, the best option is to hire a qualified bookkeeper to handle everything on your behalf. Read More»

Top Tax Accounting Mistakes That Could Put Your Business at Risk

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If you are self-employed or run a small business, managing your taxes can be such a pain. However, it is vital to get your taxes under control to avoid facing costly penalties or paying more tax than you should. The sad truth is that most small businesses make tax accounting mistakes that cost them a lot in the long run. Therefore, it is advisable to hire competent tax accountants to ensure you are handling your taxes correctly. Read More»

Are You Complying With the Single-Touch Payroll Laws?

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To make sure that the government earns as much revenue as possible to help them pay for services and infrastructure, the tax authority maintains a comprehensive code. This is hundreds of pages long and may be difficult for the average person to comprehend but, nonetheless, a small business owner has to make sure that they comply and gather the appropriate taxes as needed. If you are a long-suffering small business owner, you may think that you have got all this under control, but every now and again, the ATO will move the goalposts. Read More»

Why Planning Is Critical If You're Planning to Sell Your Business

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As a small-business owner of long standing, you should be rightly proud of your achievements. You’ve built up this organisation from scratch and have been able to retain customers over the long term, and you may have a certain amount of intellectual property associated with your efforts as well. While you may be earning a reasonable amount each year as you continue to operate, you may be starting to think about the future. Read More»

What You Need to Consider If You're Trying to Buy a Business As a Going Concern

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Do you like the idea of being an independent business owner, but are not sure if you want to start the entire process from scratch? In other words, do you want to take advantage of other people’s experience (and mistakes) so that you get a head start in your endeavours? If so, then you will need to look at businesses that are for sale as an ongoing concern and satisfy yourself that they will be the right choice for you. Read More»