Blog

May 29, 2015

Why You Need to Log Your BAS On Time

As we approach the ‘silly season’ many small business owners are busy tackling the day-to-day tasks that come with running a business. Lodging your BAS on time, not only fulfils your obligations, it can also be beneficial to your business. Allow your local bookkeeper Melbourne to explain exactly why: Avoid Penalties If you don’t lodge your BAS on time with the ATO you may be subjected to a failure to lodge penalty. The fines can vary in amounts & can be higher if you have poor lodgement history. By lodging your BAS on time, your business will avoid any late penalties. Track Business Performance Lodging your BAS on time with the help of your bookkeeper Melbourne, every quarter, provides you […]
May 26, 2015

Make Informed Decisions With A Bookkeeper Melbourne

When it comes to running your business, you are expected to make decisions on a daily basis. Most of these decisions ultimately affect your cash flow and overall financial success of your business. Updated Records With this in mind, it certainly pays to have a bookkeeper Melbourne who is responsible for updating your books and ensuring all transactions are properly recorded. This will help you make informed decisions as to whether you have enough inventory as well as determine the problem areas of your business, such as high collectibles from overdue accounts, etc. Basis For Decision-Making Most start-ups are hesitant on hiring a bookkeeper Melbourne early on their operational stage. There is a common belief they can just do the […]
May 18, 2015

Taxation For Property Developers

With any property development being undertaken, there are a number of issues which need to be addressed to ensure the outcome is the best possible. A major item in this is attending to the raft of taxation issues impacting on the development. Working with many clients over a number of years, we have built up a considerable expertise in this complex area. Key Issues Some of the issues that need to be considered in property development: Is the property pre Capital Gains Tax? Does or can the margin scheme apply for GST? Is the development going to be completed over a number of stages? Is the developer going to retain one or more of the developed properties at the completion […]
May 15, 2015

Common Startup Bookkeeping Mistakes

Bookkeeping doesn’t have to be complicated if you start off with a reliable Bookkeeper Melbourne. More often than not, many start-ups common all too common mistakes when it comes to their bookkeeping as well as hiring a Bookkeeper Melbourne. Putting Bookkeeping Off –- Til It’s Too Late In a rush to launch a new store or product, bookkeeping is often at the bottom of the to-do list. Most don’t bother looking for a Bookkeeper Melbourne until they have trouble sifting through their financial records. This is easily one of the most common mistakes and leads up a pile up of work. Ideally, you want a bookkeeper Melbourne you can rely on to keep track and maintain your books so you […]