Why You Should Take the Threat of a Tax Audit Very Seriously

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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Filing Business Taxes: Documents to Bring to Your Accountant

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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Basic Accounting Terminologies You Should Know to Guide Your Business Operations

Posted on: 20 April 2017

As a business owner, don't just be green and stay in the dark about accounting and financial operations that take place in your company. Having some basics of accounting principles and terminologies will help you a great deal in handling your company's growth and finances. These comprise of general concepts and rules that govern accounting as a profession. Income statements, balance sheets, statement of cash flows and sample transactions are some encounters you will meet when dealing with accounting operations in your company.
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3 Things You Have to Do on Your First Day as a Freelancer

Posted on: 27 May 2015

Congratulations on escaping the cubicle and entering the world of freelance work. You now get to make all your own work decisions and create the working life for yourself that you have always dreamed of. Although there are huge benefits to the freelance life, working as a freelancer is easier said than done. To succeed, you need to hit the ground running from day one. Here are three things in particular that you need to do on your first day in the freelance world.
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