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 […]
My 2016 booklist – what’s yours?
I am a serial buyer of biz books & will often buy multiple books at once. Unfortunately I don’t seem to get enough down time to read them as quickly as I buy them. One of my goals this year is to get stuck into reading more of my collection, so I have written down […]
Six hacks to improve your cashflow
You have probably heard the famous saying, “Turnover is Vanity, Profit is Sanity, Cash is King.” I want you to think for a moment about each of these very important aspects of your business. How is your turnover going? How is your profit going? How is your cashflow going? Are you monitoring these things […]
Countdown to 30 June 2015 – it’s stocktake time!
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.
Tax tables change 1 July 2015 – be sure to update your accounting software now!
As a business, you’re probably bombarded with all sorts of business advice. Much of this advice arrives as a never ending stream of paperwork that you have to wade through, comprehend and put into action in a timely manner. If you’re not vigilant in this area you could see yourself missing important changes and wasting […]