Can a business loan help my cash flow?
Cash is the life blood of every business. No matter how successful you are, if you run out of cash the consequences can be dire. Ensuring there is always cash in the bank (regardless of seasonal highs and lows, investments in cars or machinery, or fast business growth), requires planning. Creating a business plan with […]
10 Tricks to Get Paid Quickly (so you’ve got money when you need it)
There’s nothing worse than when business is booming, but you’ve got nothing to show for it because clients aren’t paying invoices on time. When the bills start flowing in on your end, there’s little left to cover costs, let alone take home the pay you deserve. Poor cash flow will constrain your business’ ability to […]
Six Great Ways to Get More Out of Your Accounting Software
Keeping an eye on the financial health of your business is easier than ever with the myriad of smart accounting software packages on the market. But managing your money in the most effective way isn’t just about overcoming the challenge of choosing the best program, and then putting it into practice in your business. Modern […]
BEWARE! ATO Phone Scam
The ATO first warned of a phone scam more than 3 months ago, and the losses just keeping coming. Last month alone losses were reported at $830,000, and reports are that the scam is becoming increasingly sophisticated. We are cautioning all our clients to be extremely vigilant about screening calls that purport to be from […]
Top Tips for Choosing the Right Accounting Software for Your Business
Managing the financial health and prosperity of your business is about more than just selling enough products, or engaging enough clients. It’s about knowing exactly what’s coming in and going out, understanding how to use those figures to your advantage – and being forewarned if that delicate balance is about break. The good news is […]
It’s time to catch up on your super payments!
Are you an employer that has unpaid employee super payments? If so, now’s your time to get on top of it. The Government recently announced a one-off 12-month Amnesty allowing employers to self-correct any unpaid superannuation guarantee amounts dating back to 1 July 1992 up until 31 March 2018. The Amnesty runs from the 24 May […]
To Cloud or Not to Cloud?
There is so much talk about ‘Cloud Accounting’, but what does is actually mean? Traditionally, accounting systems such as MYOB, Xero and Quickbooks were software programs run direct from your computer. Meaning the data is saved to your computer, network or hard drive. However, in recent years the trend has been rapidly moving towards systems […]
New Legislation – GST & Property
New legislation is coming into effect on 1 July 2018 whereby a purchaser of a new residential premises or land in a new subdivision will be required to retain the GST on the sale and pay it directly to the ATO as part of the settlement process. This will apply to all sales that exchange […]
Taxes Here, Taxes There, Taxes Taxes Everywhere
On a daily basis, as an Accountant I deal with many different types of taxes. The one that I find particularly hard to accept is Payroll Tax – who ever thought of taxing employers for employing staff? Well, the State Government certainly did! While it pains us to pay it, there has been a slight […]
The Budget – Much ado about…
For Pacific Highway travellers, the Coffs Harbour Bypass has been funded – into the future! But I digress, if you thought that the highlight of an accountant’s working year is the hype on Budget night – this isn’t so. We are more concerned with the increasing level of complexity that each Budget delivers. So what […]