Articles by: Stephen Burns

Starting a new business in Australia can be an exciting journey, but it also comes with its fair share of challenges. Among the many hurdles that startups face, managing finances correctly is one of the most critical yet overlooked aspects. Even small accounting mistakes can lead to significant financial issues, regulatory penalties, or even business…

Do you think a bookkeeper is someone who just records business financial transactions and updates them on a daily basis? Well, then this blog is a must-read for you, as it will provide you with a deeper understanding of bookkeepers and the roles they play in your business's financial management and decisions. From managing, monitoring,…

The tax-free threshold is a key feature of Australia’s tax system that allows individuals to earn a certain amount of income before they are required to pay income tax. Understanding how this threshold works and how to claim it can help you make the most of your tax situation. What Is the Tax-Free Threshold in…

In the fast-paced world of business, managing finances can often feel like a daunting task. Many business owners are tempted to tackle their own bookkeeping, believing it will save money and provide greater control over their financial data. However, the reality can be quite different. This article delves into the pitfalls of DIY bookkeeping, the…

You’ve probably heard about the government’s tax cuts which took effect on July 1 this year. Here’s a very simple and brief report on how they may benefit you. Why were the cuts brought in? Some folks refer to the most recent and revised Stage 3 tax cuts as “cost of living tax cuts.” Why?…

8 possible reasons and how to avoid next year Many Australians have been disappointed by their lower-than-expected tax refunds this year, despite the common expectation of receiving a refund. It is important to understand the factors that contribute to a reduced refund in order to avoid a similar situation next year. Common explainations for a…