Nobody wants financial insecurity when it comes time to retire. The earlier you give thought to your superannuation account structure, the faster your retirement savings grow. A self-managed superannuation fund is one where you take complete control of the investment decisions. It allows a broader choice of investments not made available by traditional commercial fund options. There are strict rules regarding self-managed superannuation funds, which may deter you from looking into this type of fund.
Read More
All business owners strive to cut costs and increase profits as much as possible. For this reason, most small business owners choose to handle bookkeeping tasks by themselves. Doing this can save you cash in the beginning, but the amount of work involved in managing payroll, cash-flow, accounting, and taxes can quickly take a toll on your efficiency. The worst part of accounting is filing the business taxes. Preparing your company's taxes is a complicated process, and you're likely to make mistakes.
Read More
The tax return season is a bit stressful for many small business owners, especially those without financial training. The Australian Taxation Office (ATO) has made things a bit easier in the filing format. But there is still a risk of filing the wrong information if you don't know how to handle this process. Many small business owners are surprised to find they owe huge taxes or they have been fined for wrong filing.
Read More
Managing your company's financial books is never an easy task without the expert's help. As your business expands, it may experience some new financial needs. Moreover, it may even be hard to manage your financial books properly. If you don't get an expert to help organise your financial books, your business may not attain the expected growth curve.
Sadly, most business people take bookkeeping lightly and don't even know when their business needs professional bookkeeping services.
Read More
Every business person wants their business to realise exponential growth, but it doesn't just happen. You can use various ways to boost business growth, but working with professional accountants could be the most effective way. Whether you want to invest in a new business or are running an established one, you shouldn't overlook professional accounting services.
Sadly, most business people only hire these services when they are in trouble or when they want to avoid the taxman.
Read More