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November Is NSW Small Business Month!

November Is NSW Small Business Month!

For the month of November, Small Business Month gives small business owners the opportunity to celebrate. This initiative, brought to us by the NSW Government, focuses on providing small businesses with new skills, activities and ideas. There are many events open to...

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The Best Kept Secret – Tax Obligations

The Best Kept Secret – Tax Obligations

Disclaimer: This article is highlighting practices that do not necessarily reflect all members of the accounting profession. It is designed to make business owners curious about their own situation and encourages them to ask specific questions to avoid being taken...

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Why Accounting Software Setup is Priceless

Why Accounting Software Setup is Priceless

As much as we might like it to be so, your business processes and financial management won't improve instantly by purchasing new accounting software.  Once you have made the decision on [which accounting package is right for you], it's important to set it up...

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Can I lodge my BAS myself?

Can I lodge my BAS myself?

I am often asked this question: ‘Can I lodge my BAS myself?’ Most accountants and BAS agents say no and have many stories of messy clean-up jobs to prove why. However, on the other hand, the ATO has collaborated with leading software providers to make reporting to the...

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The bookkeeper is dead – long live the bookkeeper!

The bookkeeper is dead – long live the bookkeeper!

Let’s just not kid ourselves - the profession that is focussing on getting clients books in order for the quarterly/monthly activity statement is dying. The pool of fish gets smaller and smaller - predators fishing out the ones that are too overworked to fight for the...

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Can Artificial Intelligence Run our Books?

Can Artificial Intelligence Run our Books?

  Bookkeeping software automation is like the Tesla car - it can drive on its own but it will crash without the right settings and input. What a century we are living in! As an accountant who started in the early days of computing I remember the revolution of...

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