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One of the most common things we hear from business owners around this time of year is: “I was meant to set business goals in January… but now it’s March, is it too late?” Short answer? No. Long (and more helpful) answer? From a bookkeeping and tax perspective, March...

Understanding your Activity Statement obligations is essential for running a compliant and financially healthy business in Australia. While most business owners have heard of BAS and IAS, many are unsure what each one actually means, when they apply, and how they...

It seems like 2025 was the year of AI! Everyone is talking about it, and for good reason. From chatbots to content generation and predictive analytics, AI is trending across nearly every industry. But here’s the thing: bookkeepers have actually been using AI-powered...

At Dollars + Sense, we often speak with business owners who say, “I’m ready to hand it over next week.” While you may feel ready to walk away from your business, the reality is you can’t realistically sell your business on a whim, especially if you want to maximise...

As Black Friday approaches, many Australian businesses are gearing up for the annual shopping event, aiming to capitalise on significant savings. However, amidst the excitement, it's crucial to ensure that your purchases align with Australian Taxation Office (ATO)...

When it comes to payroll, there are plenty of little details that can catch business owners off guard, and leave loading is one of the big ones. It’s a term that pops up often in awards and contracts, but not everyone is clear on what it is, when it applies, how much...

Creating a budget for your business is a bit like choosing your morning coffee method – do you stick with the tried-and-true or embrace the shiny new? On one hand, we have the trusty spreadsheet (old reliable Excel or Google Sheets). On the other, the new-ish kid on...

As we head into FY26 (the financial year ending 30 June 2026), it’s time to look at some key changes that came into effect on 1 July 2025. Whether you’re a business owner, employee, or bookkeeper, these updates will have an impact on your day-to-day life. But don’t...

Working from home has its perks (hello, comfy track pants and zero commute!), but did you know it can also save you money at tax time? Many small business owners – from virtual assistants and consultants to creative eCommerce entrepreneurs and boutique retailers –...

End of Financial Year (EOFY) is a whirlwind for any first-time startup owner. It’s exciting to close out your first year, but it’s also easy to overlook the less-obvious compliance tasks amid the chaos. Generic EOFY checklists usually mention things like stocktakes or...