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. […]

Who should I cover for workers’ compensation?

If you need help with your WorkCover QLD reporting obligations give us a call on 1300 0 22688 or 0488 88 6962.   Who should I cover for workers’ compensation? This fact sheet provides useful information to help you determine who is a worker according to Workers’ Compensation and Rehabilitation Act 2003 (the Act). The […]

The 2014 Federal Budget Tax Changes

Summary: Below are the key highlights impacting small business outlined by Federal Treasurer Joe Hockey in the 2014-2015 Federal Budget announced on 13 May 2014. > The much-talked about Deficit Levy will be a new tax now called the Temporary Budget Repair Levy, and will be a 2% levy on salary / wages above $180,000 […]

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 […]

Finding The Right Accounting Software

What questions should you be asking yourself to find the right version of accounting software for your small business? Choosing the right software and the right version can be a daunting task.  Make yourself a quick checklist by answering the following questions, and this can help you make the right decision for you and your […]

How to know if your Bookkeeper is doing what they are engaged to do . .

A lot of our new clients and prospective clients ask us how you can tell if their bookkeeper is doing what they are meant to. How do I know I’m not getting ripped-off?  Perhaps the very reason you are thinking like that, might just be your answer. You need to know that your business is […]

Top 10 Tips for Small Businesses

Top Ten Tips for Small Business Invest in an Accounting Software package that will suit your business needs. For more help on this check out our YouTube post http://www.youtube.com/channel/UCzndO_5PJj2rFUZY4LWEwCQ If your business earns more than $50-$60 per hour, then stop doing your own bookkeeping and administrative tasks. Outsource to save yourself valuable time and money […]

Common GST Mistakes Made

Common GST Mistakes that can cost your business a lot of money If your business is registered for GST, then you need to lodge your Business Activity Statement (BAS).  It is imperative to avoid mistakes as any errors can cost your business time and money. Some common mistakes that are made are: Not allocating a […]

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