Gone are the days when a “cash business” could hide earnings. The ATO can make a reasonable estimate of your tax liabilities and then come along and audit your books.
Entries Tagged as 'Taxation'
How Do Cash Businesses Hide Earnings?
September 19th, 2008 · No Comments
Tags: Accountants · Book Keeping · Bookeepers · MYOB · Quickbooks · Taxation
What’s Bookkeeping All About?
August 18th, 2008 · No Comments
The basic building block to a good bookkeeping system is recording expenses and income in appropriate accounts. The tricky part is to make certain that whoever enters the data understands the true nature of each and every expense, and is able to put it in its right place.
Tags: Accounting Software · Book Keeping · Bookeepers · Small Business · Taxation
ATO Tax Audit - End of Financial Year + BAS
August 7th, 2008 · No Comments
The ATO chose a very busy time to hit our clients with a tax audit
Tags: Book Keeping · Bookeepers · Taxation
Basic Tax Return, How Long, and How Much Fees?
July 15th, 2008 · No Comments
July is a busy month for registered tax agents. Some have set themselves up like a fast-food outfit.
Wham, Bham, thank you, ma’am, and it’s all over!
Get ‘em in, sit ‘em down, fill in a form, and click a button …. Gone!!
We get quite a few enquiries from individuals, on a salary, with little expenses that […]
Tags: Book Keeping · Bookeepers · Taxation
Bas due 28 July 2008 - 4th Quarter
July 7th, 2008 · No Comments
Struggling with your BAS?
You can email your MYOB / Quickbooks data file and we can do any adjustments and even lodge the BAS on your behalf
It’s time for the Business Activity Statements to be lodged! They are due in 21 days, and things get pretty hectic for bookkeepers in the weeks before the BAS are […]
Tags: Book Keeping · Bookeepers · Hiring A Bookkeeper · Small Business · Taxation
Want to know how to complete a BAS form?
July 5th, 2008 · No Comments
It seems a daunting task when you want to complate a Business Activity Statement. That’s why many businesses turn to a bookkeeper for help. Yu can go to your accountant and get charged double the fees for doing the same service, or you can simply Contact US
In some instances we can talk you through filling […]
Tags: Book Keeping · Bookeepers · MYOB · Quickbooks · Small Business · Taxation
Are Slipleng Or Nebrums Mroe Intormpat?
July 4th, 2008 · No Comments
I cdnuolt blveiee that I cluod aulaclty uesdnatnrd waht I was rdanieg!
The phaonmneal pweor of the hmuan mnid
Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn’t mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae.
The rset […]
Tags: Book Keeping · Bookeepers · Small Business · Taxation
Tax Planning For the End-of-Financial-Year
June 4th, 2008 · No Comments
Many businesses fail to plan their tax position for the end-of-financial-year, so they may miss out on optimising their tax position.
By keeping accurate and up-to-date accounting records, you know the financial position of your business. Thus you can take advantage of the various actions and choices to put you in the best possible position regarding […]
Tags: Small Business · Taxation
End Of Tax Year Coming Soon
June 3rd, 2008 · No Comments
Some small business owners regard bookkeeping as an expense that they cannot afford
Many businesses are not fully aware of their financial position until it’s too late, and miss out on possible tax deductions. As bookkeepers, we notice the cycle of demand for bookkeeping between reporting for quarterly BAS lodgments and then the end of financial […]
Tags: Book Keeping · Bookeepers · Small Business · Taxation
Basic Bookkeeping Principals
May 8th, 2008 · No Comments
A client who’s recently set themselves up in business has been confused by information his accountant gave him.
“Don’t worry about having a seperate bank account for your business”, he was told.
The Australian Taxation Office recommends that you should pay for business purchases from your business account wherever possible. These days that may mean EFTPOS […]
Tags: Book Keeping · Small Business · Taxation

1st Quarter: 28/10/08

Ever thought about Starting Your Own Bookkeeping Business? 

