Category: Business Management
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2025 New Year’s Resolution: Should Your SME Outsource Its Finance Function?
As we kick off 2025, many small and medium business owners are setting resolutions to improve and grow their businesses. One often overlooked area where significant gains can be made is in your finance function. Should you continue handling your accounting and bookkeeping in-house, or is it time to outsource? Let’s explore the benefits of…
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The Truth About Tax Refunds and Other Misconceptions About Accounting and Taxes
After conducting countless meetings and phone calls with clients over the years, I’ve noticed several recurring misconceptions about accounting and taxes. As we enter the busy tax season, I want to share 11 common misconceptions that I’ve heard from people time and again. Understanding these myths can make a big difference in your financial decisions…
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Essential End-of-Financial Year Checklist to Propel Your Business into FY2025
As we bid farewell to the 2024 financial year, it’s crucial to start the new financial year on the right foot. Here’s a practical checklist to help you transition smoothly into 2025FY: 1. Payroll and Reporting: Ensure your payroll is up-to-date and don’t forget to complete your Single Touch Payroll (STP) reporting by 14th July.…
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Strategic Planning for Business Owners and Individuals – Navigating the Stage 3 Tax Cut
Apologies for my absence over the past couple of weeks! After a much-needed break, I am now back, refreshed, and ready to dive back into the grind. As July 1st approaches, the upcoming Stage 3 Tax Cut is nearly here. While we’re still awaiting the official budget, let’s work with the pre-budget version for planning…
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A Must-Read Guide: Bookkeeping for SMEs in Australia – Navigating the Essentials
Small and Medium-sized Enterprises (SMEs) form the backbone of the Australian economy. Effective bookkeeping is crucial for these businesses to thrive. Good bookkeeping practices not only ensure regulatory compliance but also provide clear insights into financial health, guiding strategic business decisions. In this post, we’ll explore the do’s and don’ts of bookkeeping, highlighting important aspects…
Accounting Made Easy 