Accounting: Making Sure 2 + 2 = 4

• As a New Business Owner, Do You Know the Difference Between Forecasting and Budgeting?

  1 December 2021

  If you are planning to open a business soon, you will have to do quite a lot of number-crunching, and while this may not be your forte, you have to be realistic with your projections. You need to be as accurate as possible so that you can keep going when you finally open the doors. Crucially, you need to understand the difference between forecasting and budgeting, and while they may sound like they are the same thing, they aren't.

• Why Self-Employed People Should Hire a Tax Accountant

  9 July 2021

  Being self-employed can have a lot of challenges alongside the freedom of working for yourself and growing your own business. Having to file your own taxes is one of these challenges, especially if you don't know much about tax law. Luckily, hiring a tax accountant can offer many benefits, saving you time to providing you with peace of mind. Benefit from Tax Expertise Doing your own tax accounts and filing your own tax return can be difficult, with lots of complicated rules and form-filling.

• Tax Accounting: Top 4 Business Tax Mistakes to Avoid in Your Small Business

  26 May 2021

  The Australian Tax Office (ATO) can demand to do a tax audit on your company. Tax audit is a normal process for businesses, even those that are free of tax issues. Hence, if you have proof of adhering to tax regulations, you need not fear. All you'll do is present the receipts and filing documents. However, it is common for companies to file returns that they can't support fully. To be free from ATO's troubles, engage tax accountants and avoid the following mistakes.

• Do You Spend Too Much Time on Bookkeeping? These Are 3 Critical Signs You Should Invest in Bookkeeping Services

  7 January 2021

  If you own a small business, you will always strive to keep your firm's overhead costs as low as possible. For this reason, you will always try to run most of the operations on your own, including bookkeeping. But as your business grows, keeping track of your financial records can overwhelm you. That is where professional bookkeeping services come in. A bookkeeper will help you record and organise your financial transactions, enabling you to focus on income-generating responsibilities.