IAS Lodgement

  • 5 Signs of a good Bookkeeper

    A bookkeeper is a bit like a GP – there’s one on every corner but great ones are hard to find. And when you do find one, you should never let them go. But how do you know if your bookkeeper is good or even better, a great bookkeeper? Let’s start with what every bookkeeper […]

  • Stealing from the boss – the unpunished crime!

    Did you know that stealing in the workplace is a huge burden on business finances and it is a crime that often goes unpunished? Statistics obtained by the Australian Federal Police indicate that 70% of business fraud losses are from staff and former staff, costing businesses over $1.5 billion a year. The Australian Retailers Association […]

  • Business Name vs Trading Name

    What’s the difference? According to Business.gov.au (What’s the difference between a business name a trading name and a legal name)…….. Nothing! Excerpts from the above explain as follows “Trading Name” is an old term used interchangeably with “Business Name” “Business Name” is the correct term and is the title you trade under. You can link […]

  • Registering a Business Name

    Registering a Business Name A business name is a trading name that helps customers recognise your business. There are legal requirements that come with having a business name. You must register your business name with the Australian Securities and Investments Commission (ASIC). You must then adhere to several legal obligations to avoid fines and the […]

  • SuperStream Changes for Self Managed Super Funds

    SuperStream changes for SMSFs The ATO is calling on self-managed superannuation fund (SMSF) trustees to be aware of changes to the way they receive super contributions. Starting from 1 July 2014, SMSFs will be required to receive contributions electronically from employers. Employers have a year to make this change so SMSFs should check with their […]

  • An Accountant or a Bookkeeper?

    An Accountant or a Bookkeeper? Answer:  Both There is a fairly big blurred line overlapping the roles of the Bookkeeping world and the Accounting world. Noting that neither term (“Bookkeeper” or “Accountant”) are protected words, in Australia. What this “non protected” means is that anybody can call themselves either title without any qualification or certification. […]

  • Upcoming Changes to Superannuation – Everything you need to know

        Things to be Aware of as You Approach Payroll End of Year. The Superannuation Guarantee Charge will increase again next financial year to 9.5% on the 1st July 2014; this rate will freeze until June 2018. The rate is proposed to gradually increase over the next years to 12%, subject to legislative process. […]

  • My Accounting Software – What Happens If I stop Paying?

    Whose obligation is it to keep the business records when it’s all online? What happens to your data when you stop paying the subscription? Different companies have different policies regarding keeping the data file of a business after the subscription has finished. ICB recommends keeping all business records for 7 years. We put these questions […]

  • Time Management

    Create a Daily Plan Plan your day before you do anything else, or as some like to do at the end of each day make your plan for the following day, that way when you arrive the next morning you know immediately what needs to be done.  By organising your day you will increase your […]