How An Accountant Can Help Your Small Business

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The Benefits of Hiring Accounting Services for Small Business Needs

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Being a small business owner can be both exciting and challenging. While there are numerous benefits to being your own boss, it also means that you have to wear many different hats and manage various aspects of your business. One of the key areas that you will need to handle is accounting and bookkeeping. Proper accounting is crucial to running a successful business, but it can be time-consuming and complicated. As a small business owner, you need to have accurate financial information to make informed decisions.…

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The Importance of Having a Bookkeeper for Your Small Business

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Starting a small business is undoubtedly an exciting endeavour. However, it also comes with a lot of responsibilities. As a business owner, you need to wear many hats to keep your company running smoothly. You’ll have to manage your employees, handle customer inquiries, oversee production and more. One crucial role you should also consider having in your team is a bookkeeper, even if you only have a small business. Why is this important?…

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Employee or Contractor? Why You Need to Exercise Great Care with This Definition

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If you are running a business, you’ll want to keep your costs down as much as possible, especially when it comes to the biggest line item of all — wages. You know that taking on employees means a lot of extra paperwork and responsibility, and many people in your situation will look for alternatives where available. They may decide to engage the services of a contractor instead, but if you are thinking about going down that road, you need to exercise some care.…

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How to Take Steps to Manage Your Cash Flow

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When you’re in business and making sure that ends meet, you need to rely on a variety of different reports and accounting conventions to keep pace. One of the most important metrics is cash flow, and you must always ensure that you are on top of this topic. But how can you manage cash flow to ensure that you always keep in the black in the bank? Flowing out Businesses spend cash for all manner of reasons.…

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Top Things You Should Do When Hiring a Bookkeeper for the First Time

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If you just started up your own business, you might need help with the bookkeeping process if you want to keep track of profits, expenses and more. Alternatively, even though you might have had your own business for a while, you might have just decided to hire a bookkeeper, since you might be struggling to handle your bookkeeping all on your own. In either case, if it’s your first time hiring a bookkeeper, these are some of the main things that you should do.…

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Don't Waste Time! Hire a Tax Accountant To Enjoy These Benefits

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If you’re running a small business, hiring an accounting expert might seem like an unnecessary expense. However, you get countless benefits from hiring professionals, and most would not be possible if you were handling your own taxes. Taxation is a sensitive part of business and even the smallest errors can lead to complications like audits. Here are four benefits that you will get from hiring a professional to do your taxes, as opposed to doing it on your own.…

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Tax Services: Find Out Why You Need a Pro to Handle Your Taxes

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Filing taxes seems like a simple task, but in reality, it’s not easy. It can be rather hard to begin the process and then realise that you cannot complete it because you lack the required details or information. Although the internet offers procedures to tackle your taxes, you can miss out on deductions and credits that apply to your specific situation if you are not conversant with tax matters. Fortunately, you can avoid such problems by outsourcing taxation services.…

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Why a Prospectus is Essential for Raising Capital

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If a public company wants to raise capital through shares in the country, it must adhere to the Australian Securities and Investments Commission (AISIC) requirements. The company is required to provide a disclosure document, such as a prospectus. However, the Corporations Act, 2001 exempts other offerings from disclosure. No venture capitalist or investor will take your company seriously if you do not have a prospectus written by qualified professionals, such as accountants.…

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The Benefits Of Hiring A Business Accountant

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Does your business have an accountant? If not, you could be missing out on an opportunity to take your business to the next level. Below are some benefits of hiring an accountant for your business.  Business Plan The business plan is a document detailing how you plan to grow your business. The accountant will help you with the financial aspect of your business plan. Typically, they will check your starting capital, assets and projected sales to create the balance sheet and profit and loss account for the next three to five years.…

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Are You Paying All Your Fringe Benefits Tax?

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If you run a small business and employ staff, then you do, of course, have to account for their earnings and send regular returns to the ATO. Generally, you need to deduct their tax dues at source and pay these to the authorities and make sure that each individual receives documentation that keeps them up to date with their affairs. Yet this may not be the end of your obligations as far as staff taxation is concerned, as you may need to take into account what the government euphemistically calls their fringe benefits.…

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