Accounting: Making Sure 2 + 2 = 4

Accounting: Making Sure 2 + 2 = 4

  • How the ATO Uses Sophisticated Technology to Check Your Work-Related Deductions

    You may be aware that you can claim a certain number of expenses against your tax return each year, where they are related to your work. It's certainly true to say that many people omit to claim expenses they are entitled to and end up paying more tax as a consequence, and while you don't want to be one of their number, you do need to be careful to ensure that you are "

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Accounting: Making Sure 2 + 2 = 4

Hello. When you are at school, maths can seem so complicated at first. But then you learn about numbers and all of sudden everything seems as easy as 2 + 2 = 4. I used to be pretty good at maths so when I started my own business, I didn't think I needed to hire an accountant. After all, why should I pay someone else to do something that I could do myself? However, I very quickly learnt two important lessons. Lesson one was that accounting and doing the books will take a lot longer than you might think and, secondly, it is actually pretty complex stuff. In the end, I decided to hire a professional accountant. He is great and he has taught me a lot of cool stuff.

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