There’s many reasons why you should get your bookkeeping upto date before the end of the financial year on 30 June 2010.
Often clients are devastated when they discover how much tax they have to pay because they didn’t plan for the FYE (financial year end). Leaving it until after 30 June is too late.
We are not tax agents or accounts, but our team of mobile Gold Coast bookkeepers can certainly help you get your paperwork upto date so that you can at least have three quarters of the 2009/2010 financial year upto date and ready to visit your accountant before the end of June 2010
Tags:
We’ve been asked what happens when the BAS is due on a weekend or Public Holiday, as is the case for the December quarter (normally due 28 February)
The ATO website advised that:
“Lodgment and/or payment will be due on the next business day for all taxpayers regardless of where the taxpayer is located.
If the due date falls on a public holiday which is a public holiday for the whole of a state or territory, taxpayers in all states and territories may lodge and/or pay on the first business day regardless of whether they celebrate that public holiday.”
Since 28 February 2010 is a Sunday, and there’s a public holiday in Western Australia on 1st March, the first business day is Tuesday 2 March 2010
Have a look for yourself on the Australian Taxation Office website, that explains: “Due date for lodgment or payment falling on a weekend or a public holiday”
http://www.ato.gov.au/taxprofessionals/content.asp?doc=/content/12510.htm&page=2&H2
Tags:
Chairman KEV & the fiscal wizards
*The facts as reported separately by Ross Greenwood and Alan Jones just this week! *
Australians will be repaying $15.4 billion in interest and principal every year …. $733 for
every man woman and child – every year.
*Greenwood the money man did the maths for us and said: “Right now the Federal Government is at pains to tell everyone -including us the mug-punters to the International Monetary Fund that it will not exceed its
own, self-imposed, borrowing limits.
How much? $200 billion. And here’s a worry. If you work in a bank’s money market operation; or if you are a politician; the millions turn into billions and it rolls off
the tip of the tongue a bit too easily.
But every dollar that is borrowed, some time, has to be repaid. By you, by me and by the rest of the country. [Read more →]
Tags:
February 22nd, 2010 · Comments Off
With the Q2 second quarter BAS due next week (2 March 2010) there’s little time left to get the documentation together
Our Gold Coast mobile bookkeeping team have been busy helping small business owners getting their bookwork in order to lodge the Business Activity Statements
Whether you are in Coomera, Helensvale, Southport, Nerang, Broadbeach we can help you with outsourcing your bookkeeping.
Our freelance mobile bookkeeppers can come to your premises where ever you are located along the Gold Coast strip. You may be a small business owner in Coolangatta, Tugin, Palm Beach or Currumibin. You may use Quickbooks or MYOB – you might just need us to look over your data files
Whatever aspect of bookkeeping you need , we can help you – contact us today
Tags:
February 12th, 2010 · Comments Off
How to prepare a BAS statement is a question that many small business owners want answers to.
You can save much stress and heartache by outsourced bookkeeping
No matter what accounting software system you use (commonly Quickbooks or MYOB) the preparation of a BAS form can be challenging. MYOB or Quickbooks will only give the answers based on the information that’s entered into your software package.
ATO states that 80% BAS forms lodged incorrectly
If the data is incorrectly entered, or the allocations and codes are not correct, then the information that MYOB or Quickbooks spits out for your Business Activity Statement BAS will not be correct.
That actual process of filling in the form is not that difficult once you know how. Unfortunately most small business owners or their in-house bookkeepers do not complete a BAS form correctly. According to the Australian Taxation Office ATO 80% of Business Activity Statements are incorrectly completed.
ATO say only 8% BAS forms lodged by Contract Bookkeepers
That means the majority of BAS forms completed by business owners and in-house bookkeepers are wrong.
Yet many small busines owners on the Gold Coast insist on trying to save a few dollars by doing it themselves.
As professional bookkeepers that are lodging 100’s of BAS forms each year, we’ve had plenty of practice – compare that to most small businesses that do this kind of work for a few hours each quarter.
We offer a service where we can help small business owners with the BAS prpearation and lodgement. For a small investment you can save much stress and heartache
Tags:
February 11th, 2010 · Comments Off
We have a client in Southport who needs someone to come into their office for around seven hours each Tuesday and help out, following the interstate move of the current admin assistant.
Tasks include writing cheques (lots of them), sorting and filing a heap of paperwork, and there may also be some data-entry work too.
The ideal candidate would be someone who is looking for some extra income for one day a week, and is prepared to work for it. You’ll probably be a mature / semi retired person who is willing to take instruction and to follow those instructions without question.
If you’re a stay-at-home mum looking for casual work to interact with other adults, then this is not the place for you. There’s no time to socialise, and client confidentiality is of utmost importance.
This position is more for someone who enjoys sitting quietly in a corner and performing specific tasks in a friendly but busy working environment.
The client has a huge portfolio of companies, and runs an efficient bookkeeping system. If you have some bookkeeping skills that would help but is not a priority.
For more details please contact us here stating clearly that you are interested in the Admin / Bookkeeper position
Tags:
February 6th, 2010 · Comments Off
The first answer many potential bookkeeping clients want when contacting a Gold Coast bookkeeping service is about the rates that a bookkeeper may charge.
What does knowing the hourly rate for bookkeeping really tell you?
There’s sense in phoning around different electrical stores if you are looking for a certain model fridge or washing machine. People will drive around passing different servos looking at fuel prices. What you are doing is comparing apples with apples. The only other variables may be delivery charges or whether you can get discount for a cash sale (obviously with fuel there’ no negotiation)
When it comes to bookkeeping rates, what does knowing the hourly rate for bookkeeping really tell you? [Read more →]
Tags:
February 3rd, 2010 · Comments Off
This one is pretty slick since they provide YOU with all the information, except the one piece they want.
Note, the callers do not ask for your card number; they already have it…
This information is worth reading. By understanding how the VISA & Master Card Telephone Credit Card Scam works, you’ll be better prepared to protect yourself. [Read more →]
Tags:
January 18th, 2010 · Comments Off
Business Activity Statements BAS are due on 2 March 2010 for businesses that report their GST obligations quarterly
Many small businesses should take some time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2009) to get your BAS lodged on time.
If you are struggling with your bookkeeping and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now
You may use MYOB or Quickbooks accounting software – or even some other system for your bookwork. We can assist you with any challenges, or even just relieve you of the burden of the book-keeping
Our bookkeeping Service has clients in and around Coolangatta to Ormeau,Coomera, Helensvale, Broadbeach, Nerang, and Southport, Gold Coast, Australia. Contact us here for details
Tags:
January 12th, 2010 · Comments Off
New Year, New Decade, New Year’s Resolutions!
We’ve had a number of new bookkeeping clients calling us after realising tthat they’ve had enough of trying to do the bookwork themselves.
With Bookkeeping, the data output is only as good as data input
There are many advantages of outsouring your bookkeeping to a professional mobile freelance book-keeping service:
1) Outsouring your bookeeping frees up your time to focus on what you do best in your business
2) Professional bookkeepers do bookkeeping everyday of the week, whereas business owners tend to do the bookwork in frequently – so you forget how to do it, or you may get confused in what you are doing
3) Having a mobile bookkeeper come to your Gold Coast premises means that you don’t have to worry about working late, staying back, or working weekends to catch up on your paperwork
4) You may have a basic understanding of the accounting software package – perhaps you use MYOB or Quickbooks. A simple mistake in the data entry can have a great affect on your financials – and it can also take quite sometime to work out where you have gone wrong
Contact us today and we’ll get started in helping with your bookkeeping
Tags: