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Finding the right tax accountant can be more challenging than you might think. While you may be tempted to go with the first name you find on your search engine results or the first company you come across, knowing how to find a good tax accountant is a skill of its own. Pick well, and…
Good accountants are essential to any business, and it is important to know how much they cost. Not all accountants are created equal, so you need to do your due diligence to find one that offers great value for their services. Accountants can vary in price depending on the type of accountant you need. There…
While taxes may not be the most thrilling of subjects to talk about, it is a necessary factor of a functioning society. Therefore, it is useful to understand the different forms of taxes, and essential if you’re running a small business that employs staff. One of the common areas where people are uneducated is the…
Because one of the most important aspects of your business is your employees, choosing the proper payroll system is critical to ensuring the health and success of your business. Your payroll system is responsible for making sure your employees are properly compensated for their services, your company remains in compliance with governmental regulations and your…
Payroll taxes are the financial obligations you and your employees are required to pay. There are various types of payroll taxes – some paid to the federal government and others paid to the state or territory authorities. There is a specific tax called the payroll tax that is paid to state and territory authorities on…
If you’re a company director for an Australian company, you’ve probably heard about plans to phase in new legislation surrounding Director Identification Numbers. Known as the Director ID scheme, the new rules are designed to ensure directors are held accountable if their business fails. Why is the law changing? Although most company directors take their…
Hiring an accountant is a valuable step for any business to take. Whether you’ve been handling finances solo or you’re planning a start-up, and you need someone with financial know-how, an accountant can provide the exact services you need. If you’re curious about accountancy, whether you want to know ‘what does an accountant do on…
There may be a lot of maths involved, but accounting is far more than just a numbers game. With many different business functions and legal requirements requiring an accountant to do their job to the highest standard, this vital role is an important addition to any company. With more than 200,000 qualified accountants operating in…
If you’re a small business owner living and working in New South Wales, you’ve probably heard about the state government’s two new crisis payments – the COVID-19 Business Grant and the JobSaver scheme. These payments may seem simple on the surface, but there are complex regulations about how you can obtain and spend them. In…
Whether you’re investing in crypto yourself, you know someone who is, or you’ve heard about it on the news, cryptocurrency is big business. From highly volatile coins to coins with a steady increase and incredible value, many see bitcoin and similar currencies as a quick and effective way to make cash. But as a relatively…