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…
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 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…
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…
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…
During tax season, self-managed superannuation funds (SMSFs) are subject to several financial and compliance checks. SMSFs may qualify for tax breaks on investment income if specific requirements are met. One…
Accounting business services are often shrouded in mystery, with many people believing some myths about them. In reality, however, accounting business services are vital to any business and can provide…
Running a small business is hard enough without worrying about the possibility of being audited by the tax authorities. However, it is important to understand the process of a small…
Not-for-profit businesses are businesses that are set up for a social or environmental cause rather than to make a profit. They are usually registered as charities, and there are over…
Being a business owner means staying organised and on top of your taxes. This can be incredibly challenging during the off-season when business is slower. If you are behind on…
