March 14, 2019

Recently I attended a small business function where a panel of entrepreneurs were revealing secrets to their success.  One ‘secret’ divulged in the interest of saving $$$ on tax was “to set up your business structure to be in line with your vision”.  In a room of over...

August 10, 2018

The duties of each are different, though to most the HOW and WHY are confused.

Qualifications

An accountant will generally have a degree qualification and have further studies added to this such as Certified Public Accountant (CPA) or Chartered Accountant (CA).  A bookke...

May 15, 2018

  1. Messy bank accounts.  The business accounts have personal transactions, your personal accounts have business transactions…or there are no business accounts at all.  Streamlining and separating business and personal allows for better managed cash flow and profit ana...

April 13, 2018

Generally, small businesses can claim a deduction for anything used in producing income.   Australian Accounting Standards refer to these deductions as “Expenses” (AASB).   Knowing what these expenses are and learning how to generate and analyse a profit and loss...

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