Sorting Out Your Accounts

  • Are You Thinking of Starting a Business? 3 Things Your Tax Accountant Will Advice You

    7 June 2021

    The thought of starting your own business is exciting. However, you will need to sacrifice a lot of effort and time to ensure it is successful. One element that you will need to pay attention to is business tax. However, most small business owners are not keen on learning the proper way to handle their taxes and tax returns. For that reason, they often get into trouble with the Australian Taxation Office (ATO).

  • Roles That a Self-Managed Superannuation Fund Accountant Plays in Business Strategy

    30 April 2021

    Creating a self-managed superannuation fund is an excellent way to help your employees plan for their retirement. It is a pension scheme similar to the one offered by the state, but you enrol the employees in your company in this case. Typically, you set the amount of money to be deducted from every employee.  When you properly strategise and manage the fund, it can help you reduce employee turnover and improve your business profile.

  • What Do You Gain When You Involve Professionals in Bookkeeping?

    29 March 2021

    One of the biggest challenges that many small business owners struggle with is proper business administration. Sadly, few investors and entrepreneurs even realise that they have business administration problems until the business starts experiencing serious difficulties. One of the crucial administrative tasks that your business should have is bookkeeping. Most business owners believe that they have the time and the skill needed to manage their business financial records. However, they may end up handling their finances without giving them the necessary time and attention, which compromises their business profitability.

  • 3 Special Cases To Hire Professional Accountant to File Your Tax Returns

    26 March 2021

    The interesting thing about starting a small business is that you can manage all the functions from accounting to payroll and all other administrative functions. But as the business grows, your revenue will increase, your tax obligations will change and your employees will increase. When this happens, you have to be ready to hire professionals to help you with some of your business functions. A tax accountant is one of the first professionals that you should consider hiring to manage your business taxes.

  • Income Tax Returns: Top Ways to Maximise Your Tax Refund

    11 March 2021

    Tax processes can be rather tiring and complicated. But it is crucial to go over your taxes accurately to enjoy deductions. Unfortunately, not every Australian gets their full tax refund every year. That's because of the stringent rules governing refund claims. If you want to enjoy tax deduction when filing your income tax returns, follow the tips below. Maintain Accurate Records One of the primary reasons people get denied a maximum tax refund is because of improper tax records.