5 Reasons Why Your Business Needs a Financial Audit
Financial audits can provide your business with a variety of benefits. Not only do they help to ensure that your financial records are accurate and up-to-date, but they also allow…
Helpful Advice to Apply to Your Tax Return Preparation
It pays to put in a little time and effort to make sure you have every detail of your return correct and that you have avoided some of the more…
Your Tax Return – Is it Correct?
Given that 84% of Australian taxpayers anticipate receiving a refund and the average size of returns exceeded $3,000 the previous year, it is in your best interest to double-check that…
What Can You Invest Your Self-Managed Super Fund in?
An SMSF is a retirement savings account that allows Australians to invest in a broader range of assets than a traditional superannuation fund. The benefits of an SMSF include controlling…
What is a Profit & Loss Statement
The profit and loss statement (P&L) is a financial statement that shows your company's income and expenses over a given period of time. It's also known as the income statement…
What Is Cloud-Based Accounting and What Are Its Benefits
Cloud-based accounting is a term used to describe storing and accessing financial data and records in the cloud. This type of accounting offers many advantages over traditional on-premises accounting, including…
What to Expect During an ATO Audit
It can be a very daunting experience to be audited by the ATO. The process can be quite confusing and frustrating, especially if you don't know what to expect. But…
A Comprehehensive Bookkeeping Guide for Small Businesses
A business audit evaluates a company's financial statements and records. Audits are typically performed by an outside party, such as an accountant or financial institution. Businesses are usually required to…
Tax Refunds and Returns in Australia: Why Is It Too Low?
It's that time of year again. You've filed your taxes and are eagerly awaiting your tax refund. But when the refund arrives, it's much lower than you expected. Why is…
DIN—What It Is, Why You Need It, and How to Obtain It
As part of the 2020 Budget Digital Business Plan, the Australian government wants to implement the Modernising Business Registers program. In this program, the ABRS (Australian Business Registry Services) was…
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