Remote Working Chapter 1: How accountants and bookkeepers can adapt to working remotely Businesses have been obliged to accept remote work arrangements due to the COVID-19 lockout (at least temporarily). Now is the time for accountants and bookkeepers to act. More firms are being forced to adapt to remote working settings and home offices while […]
Category: Accounting
Cloud Accounting
Cloud Accounting Are you interested in gaining knowledge about accounting in the cloud for your small business? Explore our many guides, such as those on mobile accounting and what factors should be considered when selecting a cloud service provider. Chapter 1: Does your business need a mobile accounting app? It’s likely that, as the owner […]
Do I Need A Separate Bank Account For Being Self-Employed?
Do I Need A Separate Bank Account For Being Self-Employed? If you are self-employed, you do not need to register a business bank account because you are a single trader. This, however, only applies to solo merchants. As a result, if you are a partnership or a corporation, you must create a business bank account […]
40+ Best Business Accountants in Melbourne, Victoria
Accounting is one of those things that every company, no matter how big or how small, needs to have. Many times, businesses are required to spend a significant amount of money on the accounting department. When it comes to satisfying their accounting requirements, a company has a number of options available to them to choose […]
Is Xero better than QuickBooks?
Is Xero a more superior option than QuickBooks? The search for the appropriate business accounting software can be a time-consuming process. You will need to determine what functions are necessary, how much money you have available, and, of course, compare the various software packages that are available. If you’re already in the middle of this […]
What can you claim on tax for teachers?
The things you can claim tax on as a teacher. As a result of the limits imposed by COVID-19, many teachers now conduct their classes online. When instructors work from home, they are eligible to get reimbursement for certain expenditures. This year, we anticipate seeing an increase in the number of claims that involve working […]
What Can Tradies Claim On Tax?
The things Tradies can claim tax on Tax Breaks for Tradies: I’m a tradesman. Is it possible to deduct the course charge I paid to finish my course as a self-education expense? If your study is work-related, you may be entitled to claim a deduction for self-education expenditures, according to the Australian Taxation Office (ATO). […]
How to choose an accounting firm for your small business?
Choosing the perfect accounting firm for your small business? The tax laws seem to be getting more complicated every year as a result of legislators’ constant tinkering, leaving the common person bewildered when it comes to making important financial choices. Among these choices is whether or not to liquidate an investment property or assert a […]
How Much Tax Can You Claim Without Receipts?
Is it possible to claim tax without receipts? When you don’t have a receipt, do you claim tax deductions? Claiming without a receipt is increasingly riskier as the ATO develops its capabilities to match data, while it is still doable in certain situations! Let’s look at this and see if there is any way we […]
How do small businesses reduce taxes?
Have you wondered how small businesses reduce their taxes? Taxes are a potential source of anxiety for the owner of a small business. You probably wear a lot of hats, and the last thing you want to do is hand over more of the money you’ve worked so hard to earn to the government through […]