Recently I spent two years working within industry and Public Practice accounting firms in London. Upon returning to my home town of Geelong I have made note of some of the similarities and differences arising between big city and regional city accounting. Although there a large number of firms providing similar products and services in […]
Whether you have been running your business for a long period of time or a new to the business world, Business Activity Statements can cause many headaches for small business owners. Laws and regulations that are constantly changing and being updated by the Australian Taxation Office (ATO), in addition to the already complex nature of […]
Small Businesses are entitled to certain exemptions that larger businesses are not entitled to, however many small business owners are completely unaware of the benefits they are entitled to. These exemptions relate to Income Tax, Goods & Services Tax (GST) and Capital Gains Tax (CGT) and can save businesses a lot of money that would […]
Choosing accounting software is one of the most important decisions owners have to make when establishing a business. The right accounting software will ensure that the finance function of the business runs as smoothly as possible where as the wrong software can waste time and money and cause owners a lot of unnecessary stress. With […]
Bookkeeping is a very important part of the accounting process for all businesses. Accurate bookkeeping allows for measurement & management of aspects businesses finances (i.e. costs control, analysis of income sources, cash-flow analysis, budgeting etc.) as well as providing a way to track how the business is performing as a whole. However for those new […]