Employers, Are You Confused by Fringe Benefits Tax?

Posted on 4 January 2022

If you own a small business and employ others, you may have had to be creative when first recruiting by offering certain "frills" to draw staff away from your competition. Yet you do need to account for these add-ons and other payments in kind, as the tax regulator considers them to be fringe benefits. What do you need to know about your obligations as you prepare to lodge your end-of-year returns? [Read More]

3 DIY Mistakes That a Tax Accountant Will Help You Avoid

Posted on 7 September 2021

Most people file their tax returns diligently to avoid getting penalised. However, filing your returns correctly and on time comes with additional benefits. For instance, it protects you from identity theft and ensures quicker refunds.  But things may be a little challenging this year due to the pandemic. However, the government has made it possible for all households to get a substantial amount in tax offsets.  You can take advantage of the offsets and get a bumper tax season, but only if you file your returns correctly. [Read More]

How Your Business Will Benefit From Hiring a Professional Bookkeeper

Posted on 25 June 2021

Financial reports are crucial in the growth and development of a small business. However, you might have a hard time keeping track of the sales, expenses, salaries, and other payments when managing all other business functions.  Consider hiring a professional bookkeeper to streamline your accounting software to improve your business and many other reasons. Here are ways in which you will benefit from hiring a bookkeeper.  Give You Peace of Mind [Read More]

Commercial Accounting: 3 Benefits of Outsourcing Accounting Services

Posted on 23 February 2021

Today, there is an increasing expectation for businesses to achieve financial transparency in the eyes of their stakeholders. They also have to abide by government regulations when it comes to financial and tax matters. These responsibilities can be somewhat overwhelming in small and mid-sized enterprises. Carrying out risk management, internal audits, compliance checks, accounting, and financial tasks is time-consuming and complicated. Outsourcing accounting services can be an excellent solution when faced with this challenge. [Read More]

About Me

Getting Ready For Tax Season

When I first started my online business, one of my biggest fears was the day I needed to file my first business tax return. I was really worried that I was going to mess things up. Thankfully, with the help of my amazing accountant, it turned out that my fears were not justified. I have started this blog so that I can pass on my accountant's advice of tips and techniques to get ready for tax season. All small business owners need to know how to claim every deduction available to them so that they can reduce the size of their tax bill. Don't leave your tax return up to fate when you can empower yourself with useful knowledge by using this blog.

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