Bookkeeping Advice

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 […]

April 13, 2015

Bookkeeping For Tradies

If you’ll ask any tradie what they hate about in business, almost too often the answer is paperwork. With so many things to attend to and clients to please, completing your Business Activity Statement (BAS) every quarter may not be one of your priorities — or even reconciling bank statements. But no matter how tedious these may be, these are important concerns you also need to attend to. If you don’t have the patience or the time, hiring a bookkeeper Melbourne presents the most practical option. As your business grows, consider delegating tasks to a bookkeeper Melbourne, who will charge you at a fixed monthly rate instead of on an hourly basis. Why Hire A Bookkeeper Melbourne? While doing it […]

March 30, 2015

Planning Ahead For Recession

Accurate historical data is important but you’ll ‘crash’ the business if you drive it by just looking in the rear view mirror. Today’s decisions will impact on your future results. If you don’t have a plan in place or prepare an annual budget you are asking for trouble when the economy turns south. It’s easy to get complacent during the good years but a budget creates a blueprint for the future that you can measure your actual performance against. Cash flow, which your bookkeeper Melbourne can prepare is usually the most common client concern, the most visible and therefore the most painful. By identifying all the activities that turn work into cash and then measuring those activities, the results can […]