Blog

  • Is a Self-Managed Super Fund the Right Choice for Your Retirement Goals?

    When it comes to planning for retirement, there are many options available. One option that has gained popularity in recent years is a self-managed super fund (SMSF). An SMSF is a type of pension scheme that is managed by the members themselves rather than being outsourced to a third-party provider. This allows for more control over investment decisions and potentially higher returns. This blog post provides a closer examination of what a self-managed super fund is, how it operates, and its suitability for individuals.
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  • How A Business Accountant Can Prepare Your Company For Sale

    Selling your business is an enormous decision to make, and it can be a very complicated process. You have spent years building your company, and you want to make sure that you get the best possible return on your investment. Therefore, having an experienced, knowledgeable professional beside you is essential as you navigate the process of preparing your company for sale. A business accountant can be just the resource you need to ensure that everything runs smoothly.
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  • Should You Buy A Similar Business To Help Expand Your Own?

    As a successful small business owner, you undoubtedly know how difficult it is to grow without investing in new equipment or staff and the associated onboarding costs. It's little wonder that many companies take a long time to see the fruits of their investments when they try to expand in this way. Yet there may be an easier path to success, and some people will decide to buy another business as a "
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  • 2 Major Accounting Mistakes to Avoid for a Small Business

    Proper accounting and financial management are critical to a successful business. Yet the lack of appropriate accounting knowledge pushes some business owners to make mistakes that derail their growth trajectory. Although accounting errors are bound to happen occasionally, you can avoid most of them and minimise their impact by learning about these common accounting habits that could harm your bottom line. Mixing Personal and Business Finances However tempting it is, refrain from using personal finances to boost business operations.
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  • As a Tradie, Are You Claiming All Your Tax Deductions?

    If you run a small business as a contractor, you may think that tax accounting is a one-way street where you only seem to pay out to the ATO. Yet, the tax code is comprehensive and contains a number of different ways to help a business owner like you, and this may allow you to pay less at the end of the year than you might think. What are some of the available deductions that could be appropriate in your case?
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  • 3 Ways That Business Accountants Help You Implement Your Business Strategy

    Starting a business is both rewarding and challenging. First, you will be creating a legacy that can outlive you for generations. On the other hand, you will need to dedicate time, sweat and expertise to make it happen. If you want to be successful in your work, think about hiring the right professionals. A business accountant is the first expert you should hire to help you implement your business strategy. Here are three ways in which this professional will be good for your business.
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  • 3 Ways Tax Accountants Help with Financial Advisory

    Most small business owners hire tax accountants when it is time to start preparing tax returns. Although tax preparation is a fundamental role for tax accountants, they do a lot more. For instance, a tax accountant can also play the role of a financial advisor, and there is no reason why you should not take advantage of their abilities. It is especially the case if you own a small business but want to expand operations.
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  • Bookkeeping Tips: How to Improve Your Payroll Management

    Proper management of the payroll is crucial for the success of your small business. If you are not diligent in handling this task, a lot of problems could crop up. For instance, there could be delays in the payment of wages or salaries, and this could compromise the morale and productivity of the employees. Moreover, inefficiencies in payroll management could cause legal complications for your company. Therefore, it is advisable to consult a bookkeeping firm for help with this accounting process.
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  • Vital Particulars Your Tax Accountant Needs to Prepare Tax Returns

    Now that the tax season is around the corner, it's crucial to prepare adequately to avoid having issues with the government. Usually, tax accountants and other professionals recommend that you get the returns filed early so you can avoid the rush when the deadline approaches. But before a tax accountant or preparer can file the returns, they will need certain documents to get all the necessary information they need for the job.
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  • Top Benefits Of Running Your Accounting Function On The Cloud

    Cloud-based accounting services have become a great hit among businesses of all sizes and across different sectors. Are you still on the fence about whether or not this cloud-based system is for your business? Here is a rundown of a few reasons to keep in mind that should do more than convince you to go for it 1.      Accessibility From Anywhere At Any Time No longer will you or your team members have to go into the office to access your accounting files.
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