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indivudual tax return

How Much Should I Pay a Bookkeeper?

By Brendan Thorp | October 11, 2020

Understanding the cost of hiring a bookkeeper is essential for managing your business’s financial health. The price of bookkeeping services can vary significantly, influenced by factors such as the complexity […]

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choosing the right accountant

Can I Claim Expenses Without a Receipt?

By Brendan Thorp | October 8, 2020

Can you claim tax deductions without a receipt? Claiming expenses without receipts can be tricky, especially as the ATO (Australian Taxation Office) becomes more adept at linking data to individual […]

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What Are Some Accounting Strategies?

By Brendan Thorp | October 7, 2020

Accounting is a critical function that collects, records, and analyses financial data, providing extensive insights into corporate activities. Companies can use past financial data to develop growth strategies and set […]

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tax

What Are The Types Of Bookkeeping? 

By Brendan Thorp | October 7, 2020

Understanding the types of bookkeeping systems is essential for any business owner looking to maintain an accurate record of every financial transaction. Whether managing a small business or an enterprise, […]

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bookkeeping

What Are the Duties of a Bookkeeper?

By Brendan Thorp | October 7, 2020

Bookkeepers are responsible for maintaining an organisation’s essential accounting records, known as ledgers. As part of their daily routine, transactions such as income and expenses need to be recorded and […]

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bookkeeping

How Do You Maintain Bookkeeping?

By Brendan Thorp | October 7, 2020

Documentation is rarely the primary motivation for most people when they launch a new company. Sitting at a desk for hours adding up receipts or shuffling bills back and forth […]

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choosing the right accountant

Are Accountants Good at Math?

By Brendan Thorp | October 7, 2020

Earning a degree in accounting is an excellent way to improve your chances of securing a stable job with plenty of opportunities for career advancement and increased responsibility. Accountants are […]

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working holiday maker income

How Do Working Holiday Maker Taxes Work?

By Brendan Thorp | August 17, 2020

Working Holiday Makers Taxes & the so called Backpacker Tax… Holiday makers on a 417 visa have often never been involved in tax returns so we’ll explain how tax residency & Working Holiday Marker income works.

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car tax deduction

Car tax deductions – How to claim the right way & maximise your tax refund

By Brendan Thorp | August 17, 2020

There’s no doubt that claiming for your work-related car expenses at tax time is one of the great joys of life! However, you must be certain that you have strong documentation to substantiate your claims.

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business or hobby

Is This A Hobby Or A Business?

By Brendan Thorp | June 17, 2020

When you’re at the stage of asking this question, it’s often the case that there’s no right answer. Many businesses will start out as hobbies, and there will be a point when you could say it’s either. Your accountant can help you consider the differences in the characteristics of commercial business and a hobby to make sure you’re lodging your taxes correctly.

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    bookkept tax and business advisors

    Bookkept offers expert accounting, compliance, and business advisory services to small and medium businesses in Melbourne & Australia-wide, specialising in Xero/MYOB and strategic growth solutions.

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