Running an agricultural business is very different from running any other type of business. Therefore your bookkeeping is going to be managed differently too. It doesn’t matter whether you have a couple of sheep on a few acres as a hobby farm or whether you are a large…
Xero has teamed up with Stripe in order to help you and your business get paid sooner. Your invoices can get paid using their preferred payment methods and therefore, you’ll improve your cash flow. As they say, it doesn’t count until the money is in the bank. Setting…
Gone are the days where you would get to the end of the workweek and provide your staff with a piece of paper stating how much they earned that week. These days, there’s a lot more involved in payroll systems for small to medium-sized businesses. One way to…
The due date for your Taxable Payment Annual report (TPAR) is the 28th of August for the last financial year. TPAR tells the ATO about payments that have been made to contractors providing services. You may need to lodge a TPAR every year is you are a: Business…
Invoicing as soon as possible for products and services provided should be a high priority within your business. Invoice management will be a crucial part of your business – as they say, cash flow is king and you can’t get paid if you have not invoiced! While…
If you switched to SingleTouch Payroll before the end of the financial year, there are a few new changes to be aware of. The way you now report the tax and super information for your employees have now changed. Single Touch Payroll (STP) is available through most…
It is that time of year again when we start to consider tax returns. Part of planning and understanding your tax return is knowing what your work-related expenses are. Many employees and business-owners (such as those who are self-employed) are able to claim deductions in their tax return…
As the end of the financial year steadily (or speedily) approaches, it’s time to consider what needs to be completed and taken care of before the year is over. Before you know it, it will be June 30, so the sooner you get yourself organised, the better. There…
When you’re running a business, there’s plenty to take care of and handle. For many small business owners, this means taking up the responsibility of all aspects of the business. One such area of the business that many small business owners look to outsource is managing the finances…
When people look at starting their own business, the decision is usually driven by a particular passion. Whether it’s a love of coffee, fashion, design or helping others, there’s a good chance that a part of that passion doesn’t include accounting (unless of course, you’re starting your own…
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