Our Blog

Single Touch Payroll (STP) is, at its very core, designed to help busy business owners avoid the one thing that plagues them the most: sifting through mountains of crumpled payroll paperwork. So, with a fresh financial year now upon us, there’s no better time to get a...

From July 1, 2023, a key thing happened for small businesses that manage employees covered by a modern award: base rates went up by 5.75%. Add this obligation into your already complex workload of managing staff hours, leave entitlements, tax responsibilities and...

If you run a virtual business you know how much time and effort you spend to make it a success. Like some virtual businesses, you might be running your company with people spread out all across the country or even the world. Accounting and bookkeeping might be the...

As a business owner, you may be feeling the pinch at the moment. Deloitte recently reported the weakest rate of economic growth outside of the COVID pandemic since the 1990s recession, and warned that Australia’s economy is on a knife edge. Your first thought as a...

A growing business is a fantastic problem to have, as many business owners will say in jest. However as your business grows, so does your administration, premises, inventory, employees - and the demands on your time. Take stock and begin to put your finger on what you...

Depending on what type of business you’re in - perhaps you sell jam, rope, or expertise (perhaps all three!) - your chart of accounts that Xero presents you with when you fire it up for the first time is vital to keeping your bookkeeping, tax accounting, payroll and...

As a business owner, do you pay yourself? You may be staring blank at that question, but it’s something you need to be across. As bookkeepers and accountants, we can make the mental leap from “our business” to “someone who works in the business” as a matter of course...

Happy New Year! The beginning of the year is often the best time to get your bank accounts and reconciliations sorted. Invoices and receipts may be few and far between, especially if you’re a sole trader and your accounting or bookkeeping needs are minimal.  If you...

As a bookkeeper, my clients and friends often ask, “does the ATO check every transaction? Is there a rhyme or reason to why a business gets audited?” I often reply in my own cheeky way - why do birds suddenly appear? Bringing things down to earth, the ATO doesn’t...

If you are in business, you may already be in the habit of keeping receipts. If you use Dext or something similar as part of your bookkeeping, receipts and invoices may already be integrated into your Xero. The conventional wisdom for keeping receipts is that if you...