Blog Posts
All Things Accounting
Tips and stories to demystify individual and business tax, accounting and finance
Common Accounting Mistakes Australian Startups Make and How to Avoid Them
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…
What Does a Bookkeeper Do? Key Roles and Responsibilities Explained
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,…Budgeting for Australian Small Businesses: Strategies, Tools, and Resources
In the ever-evolving landscape of entrepreneurship, small business owners face a myriad of challenges, with financial management consistently at the forefront. Budgeting is a critical component that can dictate the survival and growth of a business. This article explores the importance of budgeting for small businesses in Australia, outlining effective strategies, essential tools, and invaluable…
What Is the Tax-Free Threshold in Australia and How to Claim It?
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…
Why DIY bookkeeping for small business could be a costly mistake.
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…
Will stage 3 tax cuts give you get a better 2025 tax refund?
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?…
