The mere mention of the word Business Activity Statement (BAS) is enough to make many business owners break out in a sweat. Even more stressful than that, is having to come up with the cash to pay the BAS! The stress associated with BAS time can be more easily managed when you fully understand what […]
Imagine you’re running a marathon. You’re about to turn that last corner and head for the finishing line. Parts of the race now seem like a blur. To get you over the line, you’re already thinking about what your next event will be. Do you feel like you have run a marathon this financial year? […]
Your super contributions for the quarter (1 January – 31 March 2016) need to be RECEIVED by your employees’ super funds by 28 April 2016 which is the ATO cut-off date. Please allow enough time for payments to be received by your employees’ super funds.
Keeping good accounting and tax records is essential for small businesses. The most common reason for businesses not keeping good accounting records is mainly because business owners just don’t know where to start. Today, I will share with you the manual system that I give to my clients to use and it is the one […]
The ATO require businesses to undertake a stocktake to work out the value of trading stock at the end of the income year. This means you must work out the physical quantities of stock on hand and assign a value to each item of stock.