Christmas Parties
Christmas Parties and Fringe Benefit Tax – How should you Treat these Expenses? Christmas Parties The boss decides to throw a Christmas party for the staff. Can you claim this as a business expense? Does […]
All posts in General
Congratulations if your bookkeeping is in a mess!
If your bookkeeping is a mess it might not be all bad. Perhaps it’s a a sign that your business is growing and you just don’t have the time to keep up any more! If […]
Ten (no, Eleven) Questions to ask Before Hiring a Bookkeeper
If you have become terrified at the thought of having to “do the accounts” at the end of each month or quarter or are sick of dealing with shoeboxes full of receipts it could be […]
Common Profit & Loss Reporting Formats
The Profit and Loss Report shows the performance of a business over a given period of time. By itself this has limited value so it would be much more useful for the given period (say […]
The Profit and Loss Report Explained
The Profit and Loss Report shows how much revenue and expenses a company has generated over a certain period. The Profit and Loss Report is the most commonly used but also the most commonly misunderstood financial report. […]
Is your bookkeeper really looking after you?
It is surprising how many business owners opt for price over quality when engaging people to look after the heart and soul of their business. Accountants report they spend up to 30% of their time […]
Business records you need to keep
Every business needs to keep records of its transactions and activities. Not only so you can effectively meet your taxation and compliance obligations but good record keeping is an essential resource to help you understand […]
Why Keep Business Records?
Economics 101: We live in a world where our wants are unlimited but the resources to meet them are scarce. Good record keeping is an essential tool to help best manage this endless conflict. For the […]