Annual Shutdown Guide

Annual Shutdown Guide

It is coming to that time of year again where Christmas is around the corner and the New Year follows shortly thereafter. While it is commonly a time for celebration and an annual vacation, it can be a complex time for your Bookkeeper. The complexity comes when...
Managing Small Business Debt

Managing Small Business Debt

How a Bookkeeper Can Assist a Business in Financial Trouble Bookkeepers can play a crucial role in identifying the signs of a small business in debt. By closely monitoring the financial records and analysing key financial indicators, they can spot warning signs that...
Logbook Method – ATO Compliance

Logbook Method – ATO Compliance

If you are using a vehicle for business, it is important to keep a detailed record of its use in order to claim vehicle expenses for tax purposes. If you are a sole trader using the logbook method, the ATO requires proof of distance travelled in the form of a logbook...
Optimising Your Business Setup for Success

Optimising Your Business Setup for Success

Steps to Set Up for Success in Business  When your business is up and running, it means you have successfully launched your venture, have customers, and are generating revenue. However, the work continues. To protect your investment and set your business up for...
Guide to Starting a Business

Guide to Starting a Business

 Setting up your own business is exciting but can also be challenging if you’re not prepared. To ensure a smooth start, there are obligations a new business needs to consider. It’s important to note that starting a business is challenging and involves inherent risks....
A Beginner’s Guide to Financial Statements

A Beginner’s Guide to Financial Statements

Unlock the power of financial statements! As a business owner, it is essential to grasp their importance. These statements offer a quick overview of your business’s financial health, showcasing key figures like revenue, expenses, and profitability. With this...