Is Your Tax Agent Putting You at Unnecessary Risk?
Not all tax agents are created equal. Just like in every industry there are the good ones and the not so good ones and you as the taxpayer could be placed at an unnecessary risk because of the risk rating of your Tax Agent. With the rise of technology, the ATO is capitalising and spending […]
Similarities and Differences Between a Bookkeeper and an Accountant
They both work with financial data; they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap. If you’re like many business owners, you may not be exactly sure of the differences between a bookkeeper and accountant – and whether you should hire one, or both. […]
How much should accounting and bookkeeping cost?
For a new business owner, doing your own finances is not unusual in the beginning. But as your business starts to grow, wherein your financial needs and obligations become more complex, you need to consider hiring an accountant and bookkeeper.
Small Business Accounting – Keep the Accounting Cycle Running
We cannot overstate the importance of accounting in today’s competitive business environment. If you own or operate a small business, you are probably aware of the need to keep track of every single cent you make or spend. How Business Accounting Can Help Keeping track of your small business finances is crucial to the health […]
The 7 Deadly Sins that Business Owners Make
Running your own business is an amazingly rewarding and gratifying experience, if done correctly. The sad reality is that the small business failure rate is so high because owning and running a business is not done correctly. It’s no surprise that over 50% of businesses fail in the first 3 years, and while the statistic […]
10 Reasons Why Your Existing Accountant Tells You Nothing
Accurate and insightful financial information is the lifeblood of all businesses. However, finding an accountant that can deliver the trusted financial guidance you need can be easier said than done. From technological barriers to attitudinal issues and everything in between, here are 10 reasons why your existing accountant may be falling short as your financial […]
11 Simple Accounting Principles Every Business Owner Needs to Know
Accounting is how businesses keep track of how much money they are making and how much money they have spent. You might think it sounds boring, but knowing how accounting works will give you a better understanding of the business world. In this blog post, we’ll look at 11 simple principles that every business owner […]
The Different Types of Accountant
An accountant can perform financial audits, assesses financial operations, and provides consulting services to clients. They help organisations and individuals manage their finances by providing advice and guidance on financial planning, accounting systems, and taxes. How Does An Accountant Work? Accountant begins their work by meeting with their clients to discuss their needs and objectives. […]