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...
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...
Minimum Wage Increase 2023

Minimum Wage Increase 2023

Annual Wage Review 2022-23The Fair Work Commission announced the rate that minimum wages will increase by, from the first full pay period on or after 1 July 2023. The Fair Work Commission decided that minimum wage rates for employees covered by modern awards...