Accounting Hacks and Strategies for People Who Don't Like Maths
Your superannuation is a fund that keeps growing during the entire time you work, saving you money you can use for when you have retired. All employers are obligated to pay this fee, which then is saved for you until the day you retire. However, to further boost the amount of money you have in your superannuation fund, there are some things you can do to make sure you get as much money as possible the day you actually retire.
Living in a world where finances majorly dictate success in life, financial planning is vital. Unfortunately, very few people undertake to get the right financial education to get their finances in order, create wealth and live a comfortable life. Worse, most of the people in this category do not even know that they need financial planning in the first place. Do you think you belong in this group? Below, discover 3 signs that show that you do.
If you own a small business, chances are you try to save on expenses as much as possible, and this can mean handling your own taxes or accounting rather than hiring someone else to do it. While this is fine, it may not be in the best interests of your business.
Remember that an accountant can help you with more than just filing your tax returns; they can help you to make adjustments in how you do business so that you have a smaller tax bill every year, and ensure you know all the tax laws that apply to your company.
Owners of small businesses sometimes find it hard to maintain proper books of accounts efficiently. This may be partly because they lack the resources to hire experienced professionals. This article discusses three ways by which such small businesses can ease their accounting functions.
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It is very difficult and time consuming to collect a multitude of expense receipts from all employees in order to compile the accounts payable at the end of the month.
A business consultant is a professional that you might employ before the startup of a company in order to assist with creating your business plan, or you might hire such a professional when considering major decisions such as a merger or change in product lines. It's easy for a business owner or someone with a business idea to assume that they can handle making decisions on their own when it comes to a startup or major changes to the business, but note a few reasons why a consultant can be of benefit to you and your business.
Hi, my name is Julie. About a decade ago, I started my own business. I wanted the chance to work for myself, doing something I love, but I almost didn't try because I was so intimidated by the idea of keeping my own books. I have always disliked maths, and it is one of my weaknesses. However, with the help of an accountant who helped me to get set up and who helps me with my taxes every year, I was able to track everything and do a lot of my accounting on my own. If you don't like maths, don't worry – you can still start your own business. Take a look at these hacks and ideas. I hope you find my blog helpful.
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According to the Australian Tax Office, if you are …
Your superannuation is a fund that keeps grow …