Accountancy: Counting Together

Posted on: 26 April 2017

Call it procrastination, or just being too caught up in everything else, but small business owners frequently need to play "catch-up" when it comes to their bookwork and financial records. The pressure is definitely on when it comes to the end of the fiscal year, as well, but with some planning and forethought there is no need to endure these panic situations. What can a small business person do to put in place better practices, so that there aren't any nasty surprises in store?
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Posted on: 25 April 2017

If you are an independent contractor, a small business owner or anyone else who runs a business from a home office, the Australian Taxation Office allows you to claim deductions for your home office expenses on your tax return. In most cases, you can write off a portion of your utility bills and rent based on the space your home office takes up in your home. If you own your home, however, the write off is slightly different.
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Posted on: 25 April 2017

Death and taxes. Supposedly, the only two things that are guaranteed in life? Either way, if you're in business in Australia you know that the tax season comes around all too quickly. You've got to pay attention to getting this right, or you risk an audit by the dreaded ATO. What do you need to pay attention to, especially when it comes to your record-keeping capabilities, if you're going to avoid an unwanted visit?
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Posted on: 21 April 2017

If you need to file your taxes, going to an accountant is a great option, since they will get it done promptly and answer any questions you have. When meeting with the tax accountant, it is good to be prepared ahead of time by bringing all the important documents. Here are some of the essential ones to gather now. Financial and Income Documents The first category of documents you need to bring to your accountant includes anything that shows your income for the previous tax period.
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