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When running a small business, you’re typically working with a small budget, which means you’re always looking for the most cost-efficient way of doing things.

Financial statements are an integral part of any business, as they explain the company’s performance in terms of finances and profitability. Some of the basic

Trust accounts are a unique way to keep your assets and earnings safe. Basically, an agent will handle and manage them for you until such

A self-managed super fund (SMSF) is a private super fund that allows for more control over a person’s retirement savings. It is different from retail

Businesses of all sizes must guarantee compliance with Australian Tax Office rules. ATO maintains a close eye on all commercial operations. Failure to comply with

Every year, the Australian Taxation Office (ATO) becomes stricter in implementing its standards when it comes to good business practices and accurate record-keeping of taxes.

With the Australian Taxation Office (ATO) becoming stricter year after year, adhering to set standards is absolutely essential for a much smoother accounting and bookkeeping

Have you ever considered dealing with a customer who hasn’t paid for the products or the services you provided them? When you do fail to

As business managers, it’s important to understand where their brand is positioned in terms of finances and operational performance. Having that knowledge of whether the

Now that we’re halfway through the year, it’s the best time to make changes in how you operate your business, particularly when it comes to

The end of the year approaches, and while people are getting ready for the festivities ahead, professionals are crunching numbers to prepare for the 2021

Accrual accounting, put simply, is about stating revenues and expenses as they happen instead of when cash is paid out or received. As a contract,

Is your real estate agency struggling to keep up with all your accounting and bookkeeping obligations, especially on peak months where there are a lot

Many business owners know that the special purpose financial statements (SPFS) are slowly being phased out. This financial report has long been used by “non-reporting

The advantage of owning your own business is that it ensures your progression to financial independence. Instead of relying on an employer to handle your

For decades, the concept of tax write-offs is something that Australian businesses have had quite a bit of difficulty wrapping their heads around. From small

If there’s one thing that can make or break your small business, that’s cash flow. When you have a solid cash flow plan, you can

One of the most challenging things that every self-employed individual or business owner needs to face is getting taxes in order. Whether they like it