Money Talk

I’ve got my business structure, now what?

Posted by Michael Youssef on Nov 5, 2019 2:00:00 PM

Whether you have your structure or not, the next thing to do is sit down with your accountant and solicitor to get advice on what to do next. 

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Topics: finance, business, tax, owner, small business, new business, gettingstarted, sole trader, partnership, business structure, company

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

Cash Payments Beware!

Posted by H Youssef Accounting on Oct 3, 2019 10:00:00 AM

There was a time in business where Cash was King, sadly that time is coming to an end as the Government looks to introduce new measures that could potentially see criminal penalties for cash payments or receipts above $10,000.

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Topics: business, tax, small business, money, cash flow, risk

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

The 6 Common Small Business Mistakes

Posted by H Youssef Accounting on Aug 12, 2019 5:02:25 PM

Running a business is not easy. If it was then everybody would do it. There is a reason why over 50% of businesses fail within the first 5 years. If you don’t want to be one of those businesses, then avoid these common small business mistakes.

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Topics: tax, small business, bookkeeping, software, business growth, business success, business mistakes, cloud software, cloud accounting

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

Working remotely with Xero accounting software

Posted by H Youssef Accounting on Jul 31, 2019 6:42:55 PM

Rex Hutton travels multiple times a year for work, and knows he wouldn't be able to run his business without Xero accounting software.

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Topics: finance, business, tax, owner, small business, bookkeeping, xero, software, cloud, cloudsoftware