Bookkeeping is arguably the most critical function for any business. It sets the tone of how accurate the financials and tax returns will be and gives greater insight to the business owners. Having accurate numbers leads to being able to analyse the business in multiple ways, enabling decisions based on precise reporting.
As with all our services, bookkeeping is done on a needs basis; some clients need the full suite taken care of including accounts receivable and payable, payroll, reconciliations – the list goes on. Others require us to assist with Xero setup and training, management reporting and app integrations. The first step is to learn about your business and then assess where you require help.
Professional development is integral to most, if not all, workplaces and many of our clients have programs in place that mean team members can access additional training courses throughout the year. It means upskilling the workforce which can only mean good things for the economy! The ATO is rewarding such leadership with a new Skills and Training Boost. Read on to learn what it is, and if you’re eligible.
Whilst working from home for the self-employed has been commonplace for years, the number of employees working from home has boomed over the last couple of years for a reason we’re all well aware of: covid. For many, this change will remain permanent – whether it’s for the full five days, or on a part time basis with flexible working arrangements now a mainstay of Australian employment.
Cryptocurrency has fast become a popular investment and payment method in Australia however all too often the decision to purchase doesn’t come hand in hand with the necessary tax knowledge. Here’s everything you need to know about cryptocurrency.
The Australian Taxation Office (ATO) releases information regarding its areas of emphasis for tax returns each year. For 2023, these include rental property deductions, work-related expenses, and capital gains tax.
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