Some business owners fall into doing bookkeeping by themselves to save on cost. This may seem like a quick solution, especially for entrepreneurs who find hiring a full time bookkeeper too expensive for their business. They feel like their profits are not on the level where they can afford to hire a full time employee…
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Tax Obligations of Sole Traders and Companies in Australia
The structure of your business has a crucial impact on your business tax obligations. Whether you registered your business as a sole proprietor, a partnership, a corporation or a limited liability company, you would want to have a good idea about your tax obligations and how you can achieve the best tax outcome. Different business…
Important Tax Tips for Every Business
Business owners may feel a little overwhelmed every end of the fiscal year. It is during these times that businesses need to carry out specific procedures to close their books and fulfill obligations to the ATO. For every business, staying on top of company tax obligations and ensuring that all necessary documents are complete in…
What's New with Xero?
Xero is an accounting software fit to use for any kind of business- small or large. It offers lots of help to business owners. It has everything you need for your bookkeeping- invoicing, bank reconciliation, reporting, bills payment and contacts. It automates admin work from anywhere, anytime! With Xero, you can store documents online for…
