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All you need to know about auditing

Auditing is very important in the accounting world and take place by examining and verifying a company’s financial records to make sure that transactions are represented fairly and accurately.

Auditing is the objective examination and evaluation of a company’s financial statements. This is usually performed by an external third party but can also occur with internal par…

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Let’s Talk About Cashflow

The success of a business is often measured using cashflow, as it is a key indicator of financial health and of a business is viable and successful - read more here!

Cashflow is extremely important for businesses of all sizes. It is basically the net change in your company’s cash position from one time period to the next. If your incoming cash …

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How to have good money saving habits

Forming good money habits is the first step to financial freedom. Whether you are saving for a house, saving to invest in your business, or just want more financial flexibility, simple and consistent changes are what make the biggest difference.

Forming good money habits is t­he first step to financial freedom. Whether you are saving for a house, saving to invest in your business, or just want more financial flexibility…

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Is it time to incorporate my business?

Starting out your own small business is an exciting and admirable task. So what should you do once you’re ready for the next step?

Starting out your own small business is an exciting and admirable task. So what should you do once you’re ready for the next step? When most small business start out, they begi…

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JobKeeper Payment Extension

Our breakdown of the new JobKeeper extension

With the ever-changing job climate brought on by the COVID-19 pandemic, it’s really important to keep up to date with any updates the Australian Government provides. Earlier in t…

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5 things to ask your accountant that can help your business save

There is never a wrong time to start asking the right questions to your accountant about how your business can better save.

Whether you have just hired a business accountant, are switching accountants, already have an accountant or are just considering it, there is never a wrong time to start asking th…

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How to keep personal and business finances separate

If you haven’t got that clear line between your business finance and personal finance established yet, don’t stress! It’s never too late to start.

It’s easier than you’d think to get your business finances and personal finances mixed up. No matter the size of your business, it is always a good idea to keep business finance a…

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How to transition from in-house to outsourced accounting

Our top tips on how to smoothly transition your business from in-house accounting to outsourced accounting

If your business is starting to grow, self-managing your finances can start to be difficult and overwhelming. It’s not uncommon for businesses who start out doing their accounting…

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Personal budgeting tips for the new financial year

A short list of ways to nail your personal finance goals this new financial year.

It’s been an interesting year to say the least. With such a rocky second half to the financial year, it’s only natural to want to do everything you can to get on top of your perso…

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The biggest EOFY mistakes businesses make

There are a handful of mistakes commonly made by businesses at the end of the financial year that are well worth keeping your eye out for.

The end of the financial year has a habit of creeping up on us, but it’s not a time you want your business to enter unprepared. There are a handful of mistakes commonly made b…

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Taxable Payments Annual Report

TPAR is the third party reporting of particular tax related information to the ATO by suppliers of certain services.

Taxable Payments Annual Report Running a successful small business can be an extremely rewarding endeavour. However, it does come with its fair share of challenges. There are s…

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Top tips on the hottest tax deductions

Here are a few different things that are worth claiming in your tax return that you might not know about!

Top tips on the hottest tax deductions One of the best and easiest ways to help with your personal tax return and give it a little boost is to take advantage of all the differe…

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Business budgeting tips for the new financial year

Business budgeting can be a pretty massive task, so we have compiled a list of things that we recommend reviewing in your business budget so that you can start this year off with your best foot forward.

Business budgeting tips for the new financial year This financial year has forced businesses to face some pretty difficult and unforeseen obstacles. However, the new financ…

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Where did it go?: Taking the mystery (and pain) out of managing your money

Most people will quite literally earn millions of dollars in their lifetime. Yet many people struggle financially and live from one pay period to the next.

Most people will quite literally earn millions of dollars in their lifetime. Yet many people struggle financially and live from one pay period to the next. With the ageing popu…

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Exit Plan: How a succession plan can save your business (and protect your family)

While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm.

While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm. At some point, you may want to pass the …

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Unmasking Liability: 6 signs that contractor is really your employee

In a lot of situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has.

In a lot of situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has. You may only need some…

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How to leave your assets with your family, rather than to chance

Let’s face it: no-one likes to think of death, especially their own. It’s not exactly a great conversation starter, is it? This might explain why so many people end up “dying Intestate” which means they die without a will and, as a consequence, have their…

Let’s face it: no-one likes to think of death, especially their own. It’s not exactly a great conversation starter, is it? This might explain why so many people end up “dying Intes…

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Smart ways to ease yourself into retirement, pay less tax and boost your super

Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it.

Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forw…

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3 reasons you should run your family like a business

If a business owner said to you that they run their business without a budget, what would you think? You’d think they were incompetent. Or perhaps lazy? Or both?

If a business owner said to you that they run their business without a budget, what would you think? You’d think they were incompetent. Or perhaps lazy? Or both? But what do mo…

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3 reasons your business needs a budget now

For many, the word ‘budget’ is about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve.

For many, the word ‘budget’ is about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve. To a successful business…

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