Facts and Blogs About Accountants and Taxes

Do You Need an Accountant to Handle Your Personal Taxes?

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It’s probably safe to say that many people manage their own personal taxes; they may use an online program or a software program they buy, but may not feel that they need the professional help of an accountant to get them through tax time. While it may be legal for you to do this, not […]

You Spent How Much This Christmas? Early Planning Can Prevent Debt Next Year

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Australian debt is growing, and the average household debt amount is almost a quarter of a million dollars. While a large chunk of this is tied to home ownership, many Australians dread opening their credit-card bills each January. Facing up to end-of-year overspending is depressing, but there are ways to avoid this happening again next Christmas. […]

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The Common Pitfalls Of Automatic Payroll Processing

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Your staff count on a regular paycheck; therefore, payroll should always be processed accurately and on time, regardless of your business’s financial situation. Payroll mistakes can cost you big, resulting in lost time, unnecessary expenditure, tax penalties and unhappy employees. While technology can significantly improve the way in which you conduct business, it has its […]

Tips for Setting Up a Payroll System

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No matter the amount of employees that your business has, it is essential that you set up a payroll system once you hire the first pool of employees. A payroll system is one of the most important aspects of accounting, and it is also essential to the growth of any business. You need to make […]

Why Outsourcing Payroll is Good for Business

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Processing payroll is one of the necessary evils of the business world. Having a dedicated system in place is crucial in order to meet the legal obligations of the Australian Taxation Office (ATO) and ensure your employees are paid correctly and on time. While it may seem like an unnecessary expense, the benefits of outsourcing […]

Why Workers Need To Set Up SMSFs

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Failing to plan is planning to fail. There comes a time in life where an individual grows old and can no longer keep up with the workforce. When this happens, you need to be able to sustain yourself and your family financially. Apart from ordinary pension schemes, there are other ways to maximise your future […]

Advice to keep in mind when completing your business activity statements

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Completing your business activity statement (BAS) can be an extremely stressful and overwhelming process. This document will be issued to you on either a monthly or quarterly basis if you are self-employed in Australia. The main purpose of the document is to relay your tax situation to the Australian Taxation Office so they can ensure […]

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