Money Talk

Think the ATO won’t come after you? Think again!

Posted by Michael Youssef on Dec 19, 2019 10:45:00 AM

Small businesses beware! 10,000 small businesses are set to be targeted by the ATO as part of their ongoing crackdown on the Black Economy. This is an increase from the 9,000 businesses targeted last year. So it's now more important then ever to make sure you're doing the right thing and getting the right advice!

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Topics: business, tax, small business, accountant, accounting, customer service, risk, processes, systems, ATO, Success

What it actually costs you to DIY

Posted by Michael Youssef on Dec 12, 2019 12:00:00 PM

We live in a truly exciting age! With so much information at our fingertips, we're almost instant professionals. If you don't know something google it, or go to YouTube. With that much information available to us it makes sense to Do it Yourself right?

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Topics: bookkeeping, accountant, accounting, cloud accounting, accounting software, processes, bookkeeper, systems, Success

Government calls on ATO to show more love to Accountants

Posted by H Youssef Accounting on Oct 8, 2019 10:00:00 AM

Assistant Treasurer Michael Sukkar has called on the ATO to show more gratitude towards accountants who do a lot of heavy lifting on behalf of their clients.

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Topics: business, tax, small business, new business, accountant, accounting, business growth, business success, ATO

Similarities and differences between a bookkeeper and an accountant

Posted by H Youssef Accounting on Sep 5, 2019 1:16:00 PM

They both work with financial data; they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap.

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Topics: business, small business, new business, bookkeeping, accountant, accounting, business growth, business success, bookkeeper

What to do if you get Audited

Posted by Michael Youssef on Aug 15, 2019 5:57:35 PM

No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – don’t panic. Prepare.

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Topics: business, tax, small business, accountant, accounting, business success, business mistakes, risk

What makes a Great Accountant

Posted by H Youssef Accounting on Aug 15, 2019 4:38:38 PM

Not all Accountants are created equal.

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Topics: tax, small business, accountant, accounting, business growth, business mistakes

Is Your Tax Agent putting You at Unnecessary Risk?

Posted by H Youssef Accounting on Aug 12, 2019 6:02:29 PM

Not all tax agents are created equal. Just like in every industry there are the good ones and the not so good ones and you as the taxpayer could be placed at an unnecessary risk because of the risk rating of your Tax Agent.

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Topics: tax, tax tips, accountant, accounting, risk

4 Questions You Should Ask Your Accountant

Posted by H Youssef Accounting on Aug 6, 2019 7:11:47 PM

 

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Topics: finance, business, tax, bookkeeping, accountant, money, revenue, relationships, questions, accounting