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 […]
Coming out of Covid – How Small Businesses Recover and Thrive
Small business has been rocked by the Covid-19 pandemic. But it’s time to start the recovery process. There is light at the end of the Covid-tunnel. The statics are alarming, over 78% of small to medium-sized enterprises (SMEs) in Australia have reported a decline in revenue due to the Covid-19 pandemic. An alarming 72% of […]
Accounting & Bookkeeping – What’s the Difference?
Accounting & Bookkeeping – What’s the Difference? Accounting and Bookkeeping services are both important in managing your business finances, but many business owners don’t know the difference. While Bookkeepers and Accountants share the same goal of supporting your business and helping you to achieve success, they have very different roles. Simply put, Bookkeeping is the recording […]
Benefits of Outsourced Bookkeeping Service
You may think that you can’t afford to hire a bookkeeper from an accounting firm. However, the advantages have significant benefits to your organization, and you will save $$. Focus on the advantages and savings you will receive from an Outsourced Bookkeeping Firm as provided below: Save time with an aid of a qualified and experienced bookkeeper. As a […]
What are the daily tasks of a Bookkeeper/Accountant?
A bookkeeper/accountant is the primary source of everything related to the company’s day to day transactions involving financial matters. Your bookkeeper’s needs strong accounting skills and attention to detail is of utmost importance. The amount of work depends on the structure of the organisation and on how big the company is. Bookkeepers/accountants are required to be well […]