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Read more about the article 8 Factors to Consider When Choosing Accounting Software

8 Factors to Consider When Choosing Accounting Software

  • Post author:teamsmb
  • Post published:17/09/2021
  • Post category:Business

When running a small business, you’re typically working with a small budget, which means you’re always looking for the most cost-efficient way of doing things. You don’t have the time…

Continue Reading8 Factors to Consider When Choosing Accounting Software
Read more about the article Financial Statement Basics Business Owners Should Know

Financial Statement Basics Business Owners Should Know

  • Post author:teamsmb
  • Post published:11/09/2021
  • Post category:Business

Financial statements are an integral part of any business, as they explain the company’s performance in terms of finances and profitability. Some of the basic financial statements business owners need…

Continue ReadingFinancial Statement Basics Business Owners Should Know
Read more about the article 3 Things to Consider Before Auditing Your Trust Account

3 Things to Consider Before Auditing Your Trust Account

  • Post author:teamsmb
  • Post published:03/09/2021
  • Post category:Business

Trust accounts are a unique way to keep your assets and earnings safe. Basically, an agent will handle and manage them for you until such time that you will need…

Continue Reading3 Things to Consider Before Auditing Your Trust Account
Read more about the article What Are the Requirements for SMSF Auditing and Reporting?
Finances Saving Economy concept. Male accountant or banker use calculator.

What Are the Requirements for SMSF Auditing and Reporting?

  • Post author:teamsmb
  • Post published:27/08/2021
  • Post category:Business

A self-managed super fund (SMSF) is a private super fund that allows for more control over a person’s retirement savings. It is different from retail or industry super funds; this…

Continue ReadingWhat Are the Requirements for SMSF Auditing and Reporting?
Read more about the article 3 Simple Tips to Keep Your Business in Line with the ATO

3 Simple Tips to Keep Your Business in Line with the ATO

  • Post author:teamsmb
  • Post published:20/08/2021
  • Post category:Business

Businesses of all sizes must guarantee compliance with Australian Tax Office rules. ATO maintains a close eye on all commercial operations. Failure to comply with their guidelines—whether intentional or unintentional—will…

Continue Reading3 Simple Tips to Keep Your Business in Line with the ATO
Read more about the article How To Survive a Tax Audit: A Checklist for Small Businesses

How To Survive a Tax Audit: A Checklist for Small Businesses

  • Post author:teamsmb
  • Post published:13/08/2021
  • Post category:Business/Tax

You’ve got mail! The Australian Taxation Office (ATO) is requesting a tax audit of your business. Since it is your first time undergoing this, you start to think of what…

Continue ReadingHow To Survive a Tax Audit: A Checklist for Small Businesses
Read more about the article 4 Tax Mistakes Businesses Commit During Tax Audits

4 Tax Mistakes Businesses Commit During Tax Audits

  • Post author:teamsmb
  • Post published:06/08/2021
  • Post category:Business

Every year, the Australian Taxation Office (ATO) becomes stricter in implementing its standards when it comes to good business practices and accurate record-keeping of taxes. If you don’t want to…

Continue Reading4 Tax Mistakes Businesses Commit During Tax Audits
Read more about the article 3 Key Mistakes the ATO Can Hunt You for during Tax Audits

3 Key Mistakes the ATO Can Hunt You for during Tax Audits

  • Post author:teamsmb
  • Post published:30/07/2021
  • Post category:Business

With the Australian Taxation Office (ATO) becoming stricter year after year, adhering to set standards is absolutely essential for a much smoother accounting and bookkeeping experience. Whether you’re a small…

Continue Reading3 Key Mistakes the ATO Can Hunt You for during Tax Audits
Read more about the article Bad Debt: What It Is and How You Can Prevent It

Bad Debt: What It Is and How You Can Prevent It

  • Post author:teamsmb
  • Post published:23/07/2021
  • Post category:Business

Have you ever considered dealing with a customer who hasn’t paid for the products or the services you provided them? When you do fail to collect the money they owe…

Continue ReadingBad Debt: What It Is and How You Can Prevent It
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
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