STP Phase 2

The Australian Federal Government announced in the 2019-20 Budget, their planned expansion of Single Touch Payroll (STP). Known as STP Phase 2 (STP2), the expansion will reduce the burden for employers who need to report information about their employees to multiple government agencies. The mandatory start date for STP2 reporting was on 1st January 2022, […]

Bookkeeping Basics for Small Business

The following 9 tips will help you set-up and manage your bookkeeping to help you stay compliant, understand your finances, and take control of your business. We know as small business owners you wear a myriad of hats to ensure your business runs smoothly and successfully—from sales and marketing, managing clients and employees, paying the […]

Remote VS Onsite Bookkeeper

In our last blog, we addressed the benefits of outsourcing your bookkeeping to a 3rd party bookkeeper—how it saves you time and money, increases your efficiency and quality control and gives you the ability to scale easily with a qualified expert at your fingertips. But does having your bookkeeper at your fingertips, mean they need […]

The Benefits of Outsourcing Your Bookkeeping

Bookkeeping is a crucial part of every business. It allows you to meet your Tax obligations and provides you with meaningful reports to address your business challenges, uncover opportunities and plan your next goals.​ You’ve just opened a restaurant. You’ve got years of experience in the industry, you’re a pro at front of house and […]

Business Intelligence

Business Intelligence (BI) comprises the strategies, processes and technologies used by an organisation that converts raw data into meaningful information. In our January’s Blog we wrote about how Innovation, Integration and Technology can increase business efficiency, accuracy and over all help to manage your business better. Business Intelligence is the process of using the data […]

Innovation, Integration and Technology

Working effectively and efficiently is crucial to a successful business. All the blood, sweat and tears maybe for nothing if your systems are slowing you down. The world is rapidly evolving with the rise of technology, it is shaping the future of systems in business and accounting. It is easy to become overwhelmed and stick […]

How to Prepare a Business Budget

Having an up to date budget is a must if you want to build a thriving, sustainable business. A budget is an important financial statement. It tells you how to direct your money to where it’s needed most. Use your Budget to: Make sound financial decisions and set business goals Identify where to cut expenses […]

Pacific Accounting Launches Virtual CFO Services Based in Sydney

SYDNEY, Au., Nov. 9, 2021 – Pacific Accounting continue to be at the forefront of providing a quality and seamless experience to their clients. With the launch of their new look website and upgraded services of a virtual chief financial officer (VCFO), they are ready to assist you in taking your business to the next […]

Preparing for The End of Calendar Year

Now that we are halfway through the 2022 Financial Year, it might be the perfect time to consider accomplishing a mid-year assessment on your finances. By doing so, you may be able to check and act on relevant amendments that can influence your financial well-being for the year/s ahead. KEVIN BECK   FOUNDER AND CEO […]

Employment and Payroll (Part 2)

Your Obligations, Their Rights (Part 2) There are many legal obligations, employee rights and ATO compliance to consider when deciding if a new hire is right for your business. In Part 1 of this blog, we covered New Hire & Onboarding and Payments, Payslips and Records. Part 2 will cover some basic points on Leave […]

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