Three Ways to Speed up Invoicing

Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. You tell yourself you'll get around to it tomorrow, [...]

2021-03-25T14:44:14+10:00March 25th, 2021|BAS, Bookkeeper, construction, Financial, Hawkesbury, Sales, Trades, Uncategorized, Xero|

If my business is making a profit, where is the cash?

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It's an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three [...]

2021-03-25T14:45:00+10:00March 14th, 2021|ATO, BAS, Bookkeeper, Cash, Financial, Hawkesbury, Sales, Xero|

Three Tips for Managing Construction Industry Cash Flow

I understand that owning a small business in the construction industry can be incredibly stressful. Not only, with the long days and hazardous working conditions, then you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and [...]

2021-03-25T14:45:42+10:00February 26th, 2021|BAS, Bookkeeper, construction, Financial, Hawkesbury, Sales, Trades, Uncategorized, Xero|

5 Most Common Accounting Mistakes That Could Hurt Your Business

Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business-- everything from income to expenses to tax compliance-- can be overwhelming. Mistakes can happen quite easily and can have costly consequences to your business. Below are five [...]

2021-02-26T09:33:37+10:00February 18th, 2021|BAS, Bookkeeper, construction, Financial, Hawkesbury, Sales, Trades, Uncategorized, Xero|

End of Year Financials

Its nearing end of financial year. There are always checks to be done by your bookkeeper to make sure you are claiming enough tax deductions. The ATO recently changed the deadline for the "closely held employees" to connect for Single Touch Payroll. Its not required by 1st July 2021. Closely held employees is someone who [...]

2020-06-18T13:32:15+10:00May 15th, 2020|ATO, BAS, Bookkeeper, Financial, MYOB, Payroll, Trades, Xero|

Jobkeeper 2.0 for Employers and Eligible Business Participants

Jobkeeper 2.0 Payment from the ATO Jobkeeper 2.0 has now been announced by the Government. This payment is extended until 28 March 2021. If you are in the Jobkeeper scheme now, this will continue until 27 September 2020. From 28 September 2020, your GST Turnover will need to be tested and if eligible (down by [...]

2020-08-18T09:58:35+10:00April 25th, 2020|ATO, BAS, Bookkeeper, Financial, Governments, Hawkesbury, MYOB, Trades, Xero|

What does a bookkeeper do and why do I need one?

A bookkeeper keeps track of your sales, purchases, payments and receipts. They organise and record financial data on a day to day basis and store the information in general ledgers in a standard way so that the accountant can also access it to prepare the financial end of year. Without proper bookkeeping and trained knowledge [...]

2021-02-12T13:43:17+10:00March 2nd, 2020|BAS, Bookkeeper, Financial, Hawkesbury, Sales, Trades, Uncategorized, Xero|

Completing your Business Activity Statement (BAS)

As BAS Agents, we must take "reasonable care of your financial matters" and need to review most of your receipts/supplier tax invoices to claim back the GST on your behalf. We offer a full bookkeeping service from the start of every month to preparing all ATO requirements for monthly/quarterly/yearly lodgements. Feel free to contact us Click [...]

2021-02-12T14:07:47+10:00November 10th, 2019|ATO, BAS, Bookkeeper, Financial, Governments, MYOB, Sales, Taxes, Trades, Xero|

Bookkeeping for manufacturing industry

I have a few clients that are in the manufacturing industry in the Hawkesbury area. While they are busy with their business, there is no time to keep their books up to date. They need a bookkeeper to keep on top of it all and especially a BAS Agent to lodge the ATO monthly and quarterly returns [...]

2021-02-12T15:22:28+10:00October 23rd, 2019|ATO, BAS, Bookkeeper, Financial, Xero|
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