BAS, it seems easy enough, right? You pull the right reports from Xero, fill in a form and Bob’s your uncle. Done! Wrong. It would save me a lot of whispering ‘WTF’ under my breath if it were in fact, that simple. The truth is, submitting an incorrect, late or not ... READ the POST
Not All Donations Are Tax Deductible
We all want to donate when we can, but is everything claimable as a business tax deduction? Guess what, not all donations are! Let’s dive in and get into the nitty-gritty so you know what you can and can’t claim when you’re supporting your favourite causes. What is a deductible ... READ the POST
Want To Work With Accounted For You? Here’s What To Expect.
Choosing a bookkeeper is a big job. Firstly, there needs to be a lot of trust because your bookkeeper will be handling all sorts of highly confidential information. So it’s really important you feel comfortable with whoever you choose to work with. Then, it comes down to working styles and ... READ the POST
Expense Coding: How To Do It Right
If I had a dollar for the amount of Xero files I’ve opened only to find most expenses lumped in ‘general expenses’ I’d be a very rich lady. The problem(s) (there are many!) using general expenses as a free for all is firstly, you can’t actually see what your expenses are. Coding them under ... READ the POST
Bookkeeper Vs An Accountant
What's the difference? Bookkeeper & Accountant, same same, right? No. The differences between the two are huge and can be so varied. Both work with finances and both are integral to your business. I’ve created a handy little list below so you can see who does what and why you need both. ... READ the POST
Engaging a Bookkeeper? Here are 10 questions you should ask
Are you tired of always feeling stressed about your bookkeeping and keeping up to date with lodging your BAS, or just having your financials ready for your Tax Agent to do your return makes you shudder and shove it all to the back of your mind? Well sounds like you need some help! ... READ the POST
