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Read more about the article 4 Tips to Help You Maximise Your Tax Returns Every Year

4 Tips to Help You Maximise Your Tax Returns Every Year

  • Post author:teamsmb
  • Post published:16/07/2021
  • Post category:Business/Tax

Tax season is one of the most stressful times of the year. No one will argue that tax returns have always been a difficult thing to manage. This is why…

Continue Reading4 Tips to Help You Maximise Your Tax Returns Every Year
Read more about the article Understanding What Exactly Is Management Reporting

Understanding What Exactly Is Management Reporting

  • Post author:teamsmb
  • Post published:09/07/2021
  • Post category:Business

As business managers, it’s important to understand where their brand is positioned in terms of finances and operational performance. Having that knowledge of whether the company is in the red…

Continue ReadingUnderstanding What Exactly Is Management Reporting
Read more about the article How Benchmarking Can Improve Your Small Business’s Budget

How Benchmarking Can Improve Your Small Business’s Budget

  • Post author:teamsmb
  • Post published:02/07/2021
  • Post category:Business

Now that we're halfway through the year, it's the best time to make changes in how you operate your business, particularly when it comes to finances. This is because reviewing…

Continue ReadingHow Benchmarking Can Improve Your Small Business’s Budget
Read more about the article Tax Returns in 2021: What is the ATO Looking For During the End of Financial Year?

Tax Returns in 2021: What is the ATO Looking For During the End of Financial Year?

  • Post author:teamsmb
  • Post published:25/06/2021
  • Post category:Business

The end of the year approaches, and while people are getting ready for the festivities ahead, professionals are crunching numbers to prepare for the 2021 tax returns. However, the factors…

Continue ReadingTax Returns in 2021: What is the ATO Looking For During the End of Financial Year?
Read more about the article What You Should Know About Accrual Accounting With Businesses

What You Should Know About Accrual Accounting With Businesses

  • Post author:teamsmb
  • Post published:18/06/2021
  • Post category:Business

Accrual accounting, put simply, is about stating revenues and expenses as they happen instead of when cash is paid out or received. As a contract, cash accounting systems don't report…

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Read more about the article Why Real Estate Agencies Should Outsource Their Accounting

Why Real Estate Agencies Should Outsource Their Accounting

  • Post author:teamsmb
  • Post published:11/06/2021
  • Post category:Business

Is your real estate agency struggling to keep up with all your accounting and bookkeeping obligations, especially on peak months where there are a lot of homebuyers looking to purchase…

Continue ReadingWhy Real Estate Agencies Should Outsource Their Accounting
Read more about the article 2021 – Tax Planning – Client Newsletter

2021 – Tax Planning – Client Newsletter

  • Post author:teamsmb
  • Post published:06/06/2021
  • Post category:Business/Tax

General Year End Tax Planning Strategies Business Income and Expenses Subject to cash flow requirements, consider deferring income until after 30 June, especially if you expect lower income for 2021/22…

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Read more about the article Special Purpose Financial Statements: Are They Still Needed?

Special Purpose Financial Statements: Are They Still Needed?

  • Post author:teamsmb
  • Post published:04/06/2021
  • Post category:Business

Many business owners know that the special purpose financial statements (SPFS) are slowly being phased out. This financial report has long been used by “non-reporting entities” who need to present…

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Read more about the article Knowing Your Accounting: 4 Business Taxes You Need to File

Knowing Your Accounting: 4 Business Taxes You Need to File

  • Post author:teamsmb
  • Post published:28/05/2021
  • Post category:Business

The advantage of owning your own business is that it ensures your progression to financial independence. Instead of relying on an employer to handle your benefits and retirement plans, you…

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Read more about the article Tax-Write Offs: An Australian Business’s Basic Guide

Tax-Write Offs: An Australian Business’s Basic Guide

  • Post author:teamsmb
  • Post published:25/05/2021
  • Post category:Business

For decades, the concept of tax write-offs is something that Australian businesses have had quite a bit of difficulty wrapping their heads around. From small mom-and-pop retailers to multinational corporations,…

Continue ReadingTax-Write Offs: An Australian Business’s Basic Guide
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