Tax Obligations of Sole Traders and Companies in Australia

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

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?

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…

9 Step Process to Create a Good Bookkeeping System

9 Step Process to Create a Good Bookkeeping System

Keeping a record of financial transactions is very important in building a solid foundation of financial health in small businesses. However, some entrepreneurs find the bookkeeping process exhausting and time-consuming. This dilemma, however, can be avoided by creating a good bookkeeping system. We all know that maintaining accurate records helps ensure tax compliance, gauges cash…