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 […]
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 […]
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 […]
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 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 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 […]
I hope that everyone was able to take a few days off over Easter and have come back refreshed and raring to go – just in time for the March quarterly BAS’s to be completed and lodged. The due date for the March quarterly BAS is 28th April, however if we lodge electronically for you, the extension gives you until 27th May. To ensure that your BAS is lodged on time, please get all relevant paperwork ready and dropped off or make an appointment for me to pick up or come out and get the quarter finalized.
Failure to lodge forms with ATO:
The ATO has increased the penalty for failing to lodge ATO forms e.g. BAS
The Cost has increased to $170 for each 28 days late.
This amount continues to increase to a maximum of 5(each 28 days) x $170 = $850.00
Larger entities pay multiples of the $170 for each period
WELCOME TO THE FIRST ABOUT BOOKKEEPING NEWSLETTER
It has been a long time coming, and finally I have had an opportunity to put pen to paper (well – fingers to keyboard) and organise the first ever “About Bookkeeping News”. I hope that you find everything relevant information for your business and if you have any questions or anything that needs further clarity, please just drop me an email, or speak to me the next time I see you. If you know of any other business owners that could benefit from the information, please do not hesitate to forward the Newsletter to them.
Well, for me personally, 2012 has been a very challenging year and I am hoping that 2013 will bring about better fortunes, both health and financially.
Most of you will know that I moved house this year with the desire to expand About Bookkeeping, and 10 months later, I have finally taken steps to do just that. I am currently on the lookout for a part time Administration Assistant. I am hoping to have an employee in place before the close of this year and envisage having the role increase to full time by the end of this financial year. If you know anyone who could be suitable, please let me know.
I will be taking a small break from Saturday 22nd December until Wednesday 2nd January 2013, if you have anything urgent that arises in that time, please text me and I will get back to you.
Finally, I would like to take this opportunity to wish for all my clients a very happy, healthy, cheerful Christmas and hope that we can all
prosper in 2013.