Bookkeeping

Categories

Archives

Understanding the Impact of Fair Work Act Changes on Your Business

The federal government recently announced changes aimed at closing loopholes in the Fair Work Act that allow for intentional underpayment of employee wages and entitlements.  As an accounting and business advisory firm, we want to help our small to medium business clients understand how these changes could impact their operations. Key Changes to the Fair…

Tax Lawyer vs. Tax Accountant: What’s the Difference?

Just like choosing between a GP and a specialist depends on your ailment, picking between a tax accountant and a tax lawyer depends on your financial situation.  Are you dealing with straightforward income and deductions, or are you wrestling with complex tax-related legal issues?  This article will explore the unique skills and areas of expertise…

Accounting for Marketing Agencies

As a marketing agency, you know the power of a well-executed advertising campaign to boost brand awareness and drive sales. On the other hand, you also know that a poorly managed ad campaign can drain resources.  Similarly, good accounting can fuel your business’s growth, but neglect it, and you could hit a wall! According to…

Accounting for Home Builders

Could you build a structurally sound house without building plans? Impossible!  The same goes for your building business- running a successful company without proper accounting is impossible!  The construction industry contributed to 9% of all goods and services produced in Australia in 2022. This statistic highlights the industry’s significant role in the economy, meaning there’s…

Bookkeeping for Restaurants – How an Accountant Can Help

As a restaurant owner, you want your financial records to be like a masterfully crafted, perfectly seasoned dish, with every number in its proper place and every expense accounted for. But let’s face it, in the fast-paced world of the culinary industry, your finances can sometimes look more like a chaotic kitchen after a Saturday…

Accounting for Medical Practices

Running a medical practice is no small feat. From diagnosing ailments to offering life-changing treatments, your plate is always full.  But amidst the hustle of patient appointments and the commitment to improving lives, another aspect demands your attention- the health of your medical practice’s finances. The challenges of accounting for medical practices can be as…

Accounting for Retail – How an Accountant Can Help

The cha-ching of the cash register or the ping of an online sale is music to every retail store owner’s ears. But as the symphony of a thriving business plays, the accompanying notes of receipts, invoices, and financial statements can sometimes strike an off-key tune.  When those complexities threaten to disrupt the harmony of your…

Accounting for Law Firms – How an Accountant Can Help

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…

Accounting Software for Home Builders – Is It the Right Choice?

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…

Best Tax Software for Real Estate Agents: 3 Options that Make Your Day Easier

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,…