2017 - Accounting Hacks and Strategies for People Who Don't Like Maths

4 Tips To Prevent Disruption of Business Through Unnecessary Tax Audits

26 December 2017
Categories: , Blog

Although the authorities have the discretion of conducting tax audits, they can be an inconvenience to your business. This is because you might need to dedicate some staff and resources to ensure full cooperation with the authorities. Additionally, any issues that can are detected can lead to the suspension of your business operations. As such, consulting a tax agent is critical to ensure that you follow all the guidelines in regards to the declaration of taxable income and the preparation of the necessary documents. Read More

It’s Tax Audit Time. Should You Be Worried?

22 August 2017
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If you pay attention to the news, you will have heard that the Australian Tax Office is about to double down on its efforts to raise more money through tax collection. Periodically, the government comes to realise that there is a shortfall in the budget, and, of course, taxation is one of the primary methods to set things straight. Often, tax audits are ordered for businesses in certain high-risk areas in an attempt to recover underpaid or unpaid money. Read More

Mistakes to Avoid When Hiring a CPA in your Small Business

10 April 2017
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Accounting involves organized and systematic ways of keeping track of financial exchanges. As simple and intuitive as it sounds, detailed accounting has an effect on the health and lifespan of your business. Precise accounting should provide detailed data that can be used to make resourceful financial decisions that will grow your business. Inaccurate and inconsistent data will lead to financial decisions that do not tally with the actual operations and performance of your business. Read More

About Me

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.