Money Talk

Insights from your Profit and Loss account

Posted by H Youssef Accounting on Oct 22, 2019 10:00:00 AM

Your Profit and Loss is more than just numbers on a page, and if you were to really examine it you will find it provides some really valuable insights into your business. It's often surprising how much you can tell about a business from it's numbers. 

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Topics: bookkeeping, money, revenue, accounting, sales, business success, accounting software, profit

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

Three Ways an Accountant Can Save You Money

Posted by H Youssef Accounting on Aug 12, 2019 7:07:27 PM

Many small business owners think they’re saving money by handling their financials themselves. While it’s a real asset to learn bookkeeping basics, cash flow management and your tax obligations, hiring an accountant to oversee your finances has many benefits. Leaving your books to a pro will free up time so you can focus on serving your clients and implementing plans for growth. Here are a few ways an accounting professional can help you save money that you can reinvest back in your business.

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Topics: tax, small business, tax tips, money, accounting, business growth, business success

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