How An Accountant Can Help Your Small Business

2 Steps You Can Take to Reduce the Chance of a Tax Audit Happening to You

Posted on

There are few things more terrifying than facing the prospect of having your tax returns audited. Even if you are pretty sure that you have done all you can to record your business’s  income and outgoings accurately, there will always be a lingering fear that you forgot to include something which could lead to a hefty tax bill. Thankfully, there are some steps you can take which will help to reduce the chance that the tax man will come knocking at your door.…

Read More »

Small Business Accounting: How to Keep Your Commercial Finances in Order

Posted on

Poor management of the financial aspects of your business can cause premature failure of your young commercial operation. Therefore, you should be diligent in learning some accounting before launching your young or growing company. Under ideal circumstances, you should hire an accountant to help in keeping the books. However, it is possible to get organised and ensure that the finances of your business are in order. Here are some practical tips on streamlining your company’s financial information.…

Read More »

Preparing for An Upcoming Tax Reform

Posted on

Tax policies are rarely static laws. The Australian government regularly makes changes and adjustments to tax laws in response to the economic environment or political temperatures. The main sectors of tax policy that undergo regular change are tax deductions, income brackets, and tax breaks. Since Australia operates on a progressive tax policy (where the higher your income, the higher your tax), there tend to be many different components of tax laws that individuals need to adhere to.…

Read More »