Changing accountants – is my accountant the right fit for me? September 18, 2020 | Tips and Tricks Looking to change accountants? There may be a number of reasons why you’ve come to this decision.  The most common frustrations we hear from clients are: “My accountant takes weeks to get back to me” “My accountant charges…

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Free credit health report for all Australians August 12, 2020 | Business, Tips and Tricks More than ever, a healthy credit score means an easier process when it comes to borrowing for personal or business needs.  NAB have developed a free credit health check tool which will be available for all Australians. The tool can be used by anyone (even non NAB customers)…

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Cryptocurrency tax tracking and calculating August 6, 2020 | Tax, Tips and Tricks How are cryptocurrencies taxed in Australia? The Australian Tax Office (ATO) has released a guide that the treatment of any gains/losses made on cryptocurrencies (such as Bitcoin) are taxed in Australia. Essentially, capital gains tax (CGT) applies to an asset at the…

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Managing debtors and cashflow for small business owners July 9, 2020 | Accounting, Business, Tips and Tricks Managing debtors (otherwise known as accounts receivable) is a requirement of doing business for most businesses, small and large. A key aspect of well managed cashflow is keeping the gap between receiving money from customers and paying money…

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A 1.75% increase to the minimum wage has been announced. June 25, 2020 | Business, Tips and Tricks A 1.75% increase to the minimum wage is on its way from 1 July 2020. This increase will apply to all awards, but the starting point for specific increases will be rolled out over three stages depending…

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2020 end of financial year checklist. June 16, 2020 | Business, Tax, Tips and Tricks We are now into June, which means another financial year is fast approaching. 2020 has certainly been a hectic time for all businesses with bushfires, floods, and COVID-19. Fortunately, the government stimulus measures have proven very effective but are wildly…

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Australian small businesses using Macs have the same financial tasks as those using PCs. But often it’s a challenge to find Mac accounting software that’s as feature rich as the Windows version. So, if you’re on the hunt for the best accounting software to run on your Mac, you’ll find you answer here. Hint: It’s…

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During a crisis it is important to take practical steps to help protect your business during and afterwards. These steps should be implemented into your business plan to be enacted when crisis strikes. However, it is important not to make the mistake of not responding at all, or making too drastic of a change. An…

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