Simple Accounting Tips to Get Your Small Business on Track

You just decided to actualize your business idea and have set up a small company—congratulations on taking the first step towards entrepreneurship! Taking action to start a business requires a lot of courage and perseverance. However, as you know, enterprises need proper financial management to keep them in operation. Without adequate cash flow, most startups close their doors within the first year of inception. Of course, this is not what you want for your business, and that's why you should be on top of your accounting game at all times. [Read More]

Proper Accounting Practices to Help You Improve Your Business Performance

It is rare for any business, small or large, to be successful without proper accounting techniques. Accounting offers a channel for your business to properly handle its finances and to increase its overall profit. Proper accounting practices also give you insight into how the business is operating so you can make the right decisions moving forward. Most business owners, especially those who are new to running a business, often wonder how they can implement the right accounting strategy to increase growth in their company. [Read More]

What You Need to Carefully Consider Before Self Managing Your Superannuation Fund

The world can be a tumultuous and unpredictable place and seems to be getting more complicated by the week. It's hardly surprising that more and more Australians are trying to take responsibility for their own affairs and for their future. This has led to a considerable growth in the number of people who are taking to self managed superannuation funds. If you are considering this yourself, what do you need to bear in mind before you proceed? [Read More]

How to Deal With an Unexpected Audit

Nobody likes to hear that they are up for an audit of their tax returns, but it is all too common with the Australian Tax Office (ATO) continuing to apply a high level of scrutiny to personal tax returns and business returns. While it can be scary to get an audit notice, it helps to remember a few simple tips.  Be polite and patient The ATO staff are just doing their job and it never helps to be abrupt or aggressive. [Read More]