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While your expertise as a lawyer lies in arguing cases and interpreting legislation, managing your law firm’s accounting processes is a completely different matter. The good news? The right accountants have experience putting accounting systems for law firms in place to help your business. In the upcoming sections, we’ll explore the specific financial challenges law…
Just as you wouldn’t use a hammer to cut a piece of wood, the tools you choose to manage your home-building business finances must fit the task at hand. The right accounting software tool can revolutionise how you handle your business administrative tasks, ensuring higher efficiency and accuracy.  Whether you’re a sole trader or run…
If you operate any form of asset or service-sharing platform, you need to know about the recent change in tax law. This applies to ridesharing or taxis and short-term accommodation. From July 2024, it will also be rolled out to meal delivery platforms, and all other task-based services, assets and supplies within what is known…
Real estate development accounting has plenty of unique complexities and challenges that make it entirely unlike other areas of accounting. Whether you’re exploring hiring a property investment accountant or attempting to grapple with real estate development accounting software, understanding the financial obligations and accounting styles involved in this process is invaluable. We cover everything you…
If you’re a real estate agent, you know how important it is to keep accurate records of your taxes and finances. With the right software, you can save time and make sure that your finances are in order. In this article, we’ll review three of the best tax software for real estate agents: Xero, MYOB,…
Whether you’re considering going into real estate investment for the first time or looking to invest money and you don’t know how, real estate accounting books are a strong place to start. As a complex and varied area, there are many unique residential and commercial real estate accounting books out there to build your skills,…
Are you looking for answers to some of the top questions about filing tax returns in Australia? This guide will provide you with the information you need to get your taxes lodged correctly. We’ll cover how to do a tax return, how to lodge online, and other answers to some of the most common questions…
With June 30th fast approaching, small businesses around Australia are busily ensuring their tax obligations are met. However, in the rush to meet the June 30 deadline, it can be difficult to keep track of the changes coming into effect on July 1st. The changes include increases to the national minimum wage, ASIC fees and…
If you are in the market for a financial professional to help you out with your taxes and other financials, you have probably come across accountants and certified public accountants (CPA) in your search. Understandably, you are probably wondering what the difference is between a public accountant vs CPA and how much their jobs or…
The differences between bookkeeping and accounting are often quite subtle, but they are very distinct for anyone looking to enter either career. In a nutshell, bookkeepers keep a record of a business’s day-to-day financial transactions while accountants emphasise the big picture of those finances. Bookkeepers have to pay close attention to the minute details as…