• investment-advise
    Where Should You Invest When Interest Rates Are So Low?
    Source: NestEgg With the cash rate close to zero, this will have big implications for how you should invest your money to generate the best return. So, what are the options and which asset classes will best enable you to build wealth? Cash  Australians have put $100 billion in the […]
  • tax cuts
    How Australians are Taking Advantage of Income Tax Cuts
    Source: Accountants Daily Colonial First State (CFS) has surveyed 2,000 Australians to determine their tax-saving intentions following changes to personal income tax announced in the budget on 6 October. As part of the measures to personal income tax, Treasurer Josh Frydenberg declared tax cuts worth nearly $30 billion would be made […]
  • Stock market investment trading financial, coin and Australia flag or Forex for analyze profit finance business trend data background.
    ATO Extends JobKeeper Deadlines Ahead of Christmas, New Year
    Source: Accountants Daily Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has also been extended from the usual 14th of each month to 28 January 2021. To account for the New Year weekend, the Tax Office will also […]
  • jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
2 October 2017

Xero for Builders — Makes Sense

Xero is the fastest growing new breed of accounting software in Australia/NZ that’s cloud based, low cost and easy to use. Bookkeepers and accountants in Melbourne seem to be keen for their clients to move to Xero for good reasons. If you’re in the construction industry, a contractor or a […]
30 August 2017

Choosing an Accounting Software

One of the main reasons businesses fail is because there isn’t a good bookkeeping system in place that would provide warning signs the business could run out of cash. You can choose to set up a bookkeeping system manually (using accounting books), electronically (spreadsheets) or use accounting software. Unless you […]
6 March 2017

Top Accounting Tips For Business Owners

Accounting is and always will be a critical function of the savvy business owner, but accounting doesn’t have to be a nightmare or something to dread. It just takes a little perseverance and planning to ensure that your records are as accurate and complete as possible. You can make yourself […]
13 February 2017

Best Small Business Accounting Software of 2017

Most apps start small and add features and (hopefully) usability improvements year by year. Small business accounting apps, on the other hand, have evolved in the opposite direction. Products from companies like Peachtree and DacEasy and MYOB started their lives as full-blown, multiple-module, highly complex applications that were priced for […]
28 November 2016

4 Accounting Musts for SaaS Startups

Cloud-computing taxation is a complicated issue. Laws and regulations vary not only across national borders, but also across state lines. While there are handy primers available, wrapping your head around all the sales and use tax cases can be a real struggle. Not helping matters is the fact that only […]
2 February 2015

Read Before You Buy An Accounting Software

If you’re like most business owners, you prefer to focus on the things that got you started – satisfying clients, making a quality product and generating revenue. Unlike your Melbourne accountant, accounting probably isn’t what you’re most excited about. There are many accounting software products available that can simplify your […]
2 January 2014

Accounting Software For Australian Small Businesses

Accounting Software For Australian Small Businesses Before 2000, most small businesses and Melbourne accounting firms were running paper-based accounting. However, with the introduction of GST, many have recognised the need to switch to accounting software. This was further assisted by the Commonwealth Government’s $100 voucher to cover most of the […]
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