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Our best bookkeeping tips and free advice to help increase the success of your business.Buying Second-Hand for your Business? Here’s the Tax Detail Many Business Owners Overlook…
When you're on the hunt for second-hand bargains on platforms like Facebook Marketplace or Gumtree, it can feel a little fuzzy when it comes to business purchases. Whether you're picking up a used office chair, secondhand tech, or snagging discounted supplies, one...
Can I Claim that Wine? Understanding Alcohol Deductions for Business Travel
You've just wrapped up a successful business meeting, and to celebrate, you decide to indulge in a nice bottle of wine. But when it's time to file your expenses, the question hits you—can you claim that wine as a business expense? The answer isn't as straightforward...
When can you Eat, Drink, Be Merry and Claim GST?
As a business owner in Australia, you know that a firm grasp of GST (Goods and Services Tax) regulations is essential to keeping your business compliant and avoiding costly mistakes. One area that often causes confusion is whether you can claim GST credits on...
Top negotiation tips to improve your bottom line
If you were to pick the brain of anyone who’s been a biz ownership for a while, they’d talk your ear off with now-I-knows and wish-I-knew-thens. One aspect of running a small-to-medium business that requires skill and experience (and sometimes, the benefit of...
Signs that you should do your own bookkeeping (and signs you shouldn’t)
Stories of business magnates starting out in suburban garages with nothing but a whiteboard and a dream have become the stuff of legend. We small business owners wear all of the hats, all of the time. That’s commendable, inspiring, and keeps things cost-effective,...
Bookkeeper or accountant? That is the question.
In the flurry of running a business, especially in the early days, many business owners relegate ‘doing the finances’ to an afterthought; a side mission that can be undertaken in the off hours. This is understandable, but it’s a mistake. It is natural to want to put...
Your Path to Bookkeeping Liberation and Growth
One of the biggest misconceptions new business owners have is that one of these plates —bookkeeping— is a concern that you can quickly address on your way out the door. In reality, it’s a dynamic, ongoing process that requires dynamic, ongoing attention. And let’s be...
Why you shouldn’t use business accounts for personal expenses
When we published our piece on how many bank accounts your business should have, we were surprised to see how many Aussies were puzzled by this basic business bookkeeping tip. So, it might be interesting to know our best-practice advice around managing business and...
A remote bookkeeper’s guide to debt collection
No-one wants to be the happy-go-lucky one twiddling their thumbs and waiting for a payment to land, especially during the cost of living crisis we’re in. Plus, with recent research from Xero citing more small businesses are experiencing cash flow issues than ever...
How to create Xero budgets that actually work
However you celebrated the festive season just gone, our guess is that it was probably pretty expensive. So, as we head into 2024, just like you, budgets are on the brain of many small business owners. Of course, the first step to healthier money habits is mastering...
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Need bookkeeping help or advice? Just pick up the phone. We’re on call whether you’re looking for a quick fuss-free clean up, XERO accounting software set-up and training, a general helping hand, or full-stack bookkeeping and business consulting. Save time, save money, lose the overwhelm and get back to growing your business…that makes sense.
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