Do I need to register for Goods and Services Tax (GST)? Starting a small business, or maybe your business has grown, and you’re wondering if you need to register for GST? It is quite a simple process, and we can guide you through the decision process to determine if you need to register for Goods […]
Small business owners start out having time to wear all the different hats in a business. You had the time to do the marketing, the sales, the administration, and the bookkeeping. Then you start to take on more and more work, and things start getting more complex. Now might be the perfect time to outsource some of those tasks. Especially those you have […]
Changes to STP reporting will be introduced from 1 July 2021 for employers with closely held employees and for micro employers.
9 Questions To Ask Before Engaging An Outsourced Bookkeeping Service Your Business Is Growing, It’s Time To Hire A Bookkeeper. It’s an exciting time in business when you have grown to the point that you cannot keep up with the bookkeeping. Though it may feel more stressful than exciting right now. When you […]
Outsourced Bookkeeping Services: Reduce Costs and Increase Profitability The advances in technology and online services has had a huge impact on the way the world does business which has made outsourced bookkeeping services a game changer. Technological changes have enabled bookkeeping services to come to you at a much greater level of expertise and for […]
Cash Flow: How To Turn Your Business From A Cash Eating Monster, To A Cash Cow Before I show you our business money management tips, specifically, how to turn your business from being a Cash Eating Monster (Cash Flow negative), to a Cash Cow (Cash Flow positive) by creating a few money management habits….. Let […]
You would have all heard the saying “Cash is King”, well in business your Cash Flow is crucial to your businesses survival. Cash Flow is the flow of money in and out of your business. At times it probably feels like there is a lot more going out. If you are feeling like you are […]
The best way to answer this question is to outline the key differences between a bookkeeper and an accountant. So lets look at their role in assisting a small business owner throughout each financial year. There are many bookkeepers and accountants out there.
Are you struggling understanding the difference between cash flow and profit in your business? Do you ask your bookkeeper or accountant why you have no money when they are telling you that you’ve made a profit? Or do you look at your Profit and Loss Statement to work out if you can spend money or not ?
A lot of small business owners get into business as they are amazing at their trade or the service they offer, but don’t really see their business as being separate to them. This can cause issues with business finances and cash flow, and can make it very confusing and time consuming at tax time.
Top Bookkeeping Tips for Tradies to Save You Time and Money! As a tradie running a business, you are constantly on the road, on the move, and busy. Leaving little time for complex bookkeeping processes. These are our top tips to save you time and money on your bookkeeping.
Are you having difficulty with cash flow and turning over a profit, even to the point that staying in business is getting even more difficult? Some work on your bookkeeping and implementing some great systems could save your business.
