Record Keeping for SMSF
RECORD KEEPING FOR A SELF MANAGED SUPERANNUATION FUND Do you have a self managed superannuation fund? I have had my own SMSF now for many years. In the past I have kept a file of all my correspondance in a file draw. Records like my dividends, bank ... READ MORE
Why am I in Business?
Have you ever had a year that leaves you staring into the wall and asking yourself "What the hell am I doing?" Anyone, who has been through a life changing experience, often finds a period of reflection, insight and clarity. You are forced to look beyond ... READ MORE
ATO : Targets 90,000 Small Business Owners
It would appear that the Australian Taxation Office has decided to take the gloves off, and crack down on small business owners who fail to be compliant with paying their fair share of tax. This stance is not new. Back in June 2014 I recall reading ... READ MORE
Why Do I LOVE Xero?
If you haven't heard of Xero before, here is a short video to tell you all about it Click on the link https://youtu.be/11mBUE5cNas MYOB had always been my number one accounting program, but I was hearing a lot of positive feedback about a relatively ... READ MORE
Small Business Heroes - Paddock to Plate
Always Ask! Nothing is achieved in life without asking questions or taking initiative. Bribie Island’s Paddock to Plate owner Dave, takes the time to reminds us of the important of showing customers genuine interest. Dave believes in being human, ... READ MORE
Bookkeeping Tips - Tax Agent
Use a Tax Agent You might think that this is what everyone does. To my absolute surprise these past few months I found out that there are small business owners who do not use, nor have a qualified tax agent complete their company returns. I have been ... READ MORE
Bookkeeping Tips - Filing
FILING Filing is certainly a job that the majority of business owners procrastinate over. As the pile grows, the motivation to put each piece of paper where it belongs decreases. A business owner might ask themselves: "Is it really a problem? "I ... READ MORE
Bookkeeping Tips - Deductions
Deductions In course of making an income in your business, there will also be a number of deductions that you claim to offset that income. The ATO (Australian Taxation Office) acknowledges and allows these deductions. The question I ask is this: Do ... READ MORE
Bookkeeping Tips - Communication
COMMUNICATION Have you ever experienced a customer when nothing you do meets with their approval? You bend over backwards, do work for free, run after them and in the end they still complain? When is it time to say goodbye? In the bookkeeping ... READ MORE
Can you spot a Dodgy Business?
When the economy is doing well, both small to medium business owners can afford to be selective with whom they choose to do work with. The opposite is also true. In our current economic climate, we are hearing that people are in fear of loosing their ... READ MORE
Ground Organics - Healthy Food Made Happy
My business took me to the beautiful Mooloolaba Coastline yesterday. Although the weather was cool and wet, the beach always looks amazing. Before hopping into my car to begin my over two hour return home, I took the time to check out the local small ... READ MORE
4 Tips for Reluctant Small Business Owners to do their Bookkeeping
Are you one of many small business owners where the "thought" of having to do your bookkeeping makes mowing the lawn or seeing your dentist more appealing? You ... READ MORE
ATO penalties get tough
The Australian Tax Office is not giving the same level of lenancy that they have the past 5 years with SMSF (Self Managed Superanuation Fund) rulings and trustees who fail to comply. The gloves are officially OFF! It was reported in a recent article ... READ MORE
Save time online with ASIC, Xero and the Cloud
The Cloud Accounting revolution is growing in power and focus. While many in the early integration of cloud technology viewed it with suspicion, financial leaders are embracing the move to the cloud and integrating new processes that save money, time ... READ MORE
LinkedIn is not just a RESUME!
LinkedIn may be looked upon as a online resume, but you are missing the point if you think that is all it is. Social media is relatively new, if you are not on a platform or two then you are not going to be found. As a employee, you want to ... READ MORE
Are you ready for SuperStream?
The government has implemented a new legislative requirement to ensure Superannuation is paid, the Super Reform Package called SuperStream. It doesn't matter if you agree with it or not, but you should either be using it "now" as a employer ... READ MORE
Tax Scams get aggressive!
Both the ATO and the consumer watchdog are warning the public to watch out for scammers pretending to be ATO investigators. Amy Bainbridge reported on ABC investigation in an article dated in July 2014 that people are being phoned up and told that they ... READ MORE
6 Tax Mistakes to Avoid
As a bookkeeper, I come across a number of costly mistakes that small businesses make on a repeated basis. I am only going to share six of them with you in this article. My goal is to make you aware of what these are to save you money, an audit and ... READ MORE
Car Expenses - Logbooks
It doesn't matter if you own your own business or you are employed. You are able to use your car's expenses as a deduction when you use it for work related use. There are a number of methods to claim back the kilometres that you use your car for ... READ MORE
Small Business Tools - Dropbox
Running a small business in this economic climate is touch and time consuming. There are roadblocks that seem to crop up each and every day, putting your schedule and efficiency at risk. Particularly, when you are the sole operator, there are only ... READ MORE
2014 End of the Financial Year Tax Tips
It's the end of the 2014 Financial year and you might be asking yourself a number of timely questions. Where did this financial year go?How am I going to get everything completed in time?What do I need to do between now and the 30th June 2014? The ... READ MORE
The Growth of Xero - Centric Accountants and Bookkeepers
Anyone who knows me, understands that I LOVE to network, listen to people,and learn from them. What about YOU? A recent personal phone call from another bookkeeper I met on LinkedIn, triggered this blog. She is a professional, meticulous ... READ MORE
Small Business and Taxing Issues
When you own and run a small business it's challenging enough to complete your work on time, build your client list and keep up with the payment of the bills. Yet BAS and GST should be high on any small business's "to do" list, not to mention avoiding ... READ MORE
5 Things you MUST NEVER DO on LinkedIn!
Two weeks ago I wrote an article all about LinkedIn's Publishing Platform being available for all to use. Which is great news for small business owners who would like to start blogging, build their brand and be known as a expert in their field. Along ... READ MORE
LinkedIn's Publishing Platform - Is now available to all!
I am very excited that I have been approved to use LinkedIn's publishing platform. If you have ever wondered how you can be an influence on LinkedIn, you have now been handed a sensational way to become one. This platform will allow you to share you ... READ MORE
SUCCESSFUL BUSINESS PLANNING FOR 2014 IN THREE EASY STEPS
If you are anything like me, you are in a daze wondering how on the earth did this year glide by so fast that it's christmas next week! I'm still in a head spin! However, it is critical that as a small business owner you use the slower weeks between ... READ MORE
Questions that all Small Businesses need to ask!
The Herald Sun published on 7th August 2013 the following title: "Average of 44 small businesses closing their doors each day, according to Australian Bureau of Statistics data." Do you agree with this statistic? I have spoken to many ... READ MORE
Bookkeeping Issues....Do you have the Five?
Are you one of many small businesses that have trouble....... 1. Finding "time" and motivation to sit down and do your bookeeping in the first place? 2. You walk into your office to be welcomed by what once was a desk, but now just looks like something ... READ MORE
Kate Ceberano's mistake with technology!
Robin from 97.3fm interviewed Australian Singer Kate Ceberano on morning radio last Monday 21st August 2013. Kate Ceberano related to Robin the heart stopping moment when she realised that somewhere in a busy London subway, sat her ipad. Why ... READ MORE
The Cloud - Why you should not allow fear to stop YOU!
What is ‘the cloud’? Why is it so popular? When you hear the term the cloud it is really a fancy way to say ‘online’. Just as you would save your photos, files or software on your desktop or laptop at home, the cloud empowers ... READ MORE
Cash Flow Tips
Collection Tips and Tricks for Small Business 1. Have a set collection process for late invoices Sounds obvious I know, but do you have one? Have you created templates for the following? Friendly reminder Overdue notice Letter ... READ MORE
The Advantages of Online Bookkeeping
The Advantages of Online Bookkeeping While I have written an article about "The Cloud" I believe that it's important to understand the advantages of having your bookkeeping completed online. I find that Baby Boomers, Gen X and Y's all see technology ... READ MORE
How to control your paper nightmare!
I have often been guilty of laughing when I hear the phrase that with the digital age we can now all have paperless offices. Paperwork seems to continue to grow and even multiply in most home offices. I read and hear the complaint from people all the ... READ MORE
Filing Tips & Tricks
CREATE A RECURRING ACTION STATION TO SIT ON YOUR DESK! What is a recurring action station? All the paper work that you need to "act" on this week or the next few weeks should be allocated to a Action Station. You DO NOT put into the action station ... READ MORE
Hobby or a Business?
A hobby is an outside interest that you pursue for fun in your spare time. Hobbies are fantastic to have because they give you an outlet to do something of interest, outside of your regular occupation and may even be relaxing. Successful hobbies however, ... READ MORE
SPOTLIGHT ON BUSINESS - KUUSH - A Local Hero
CATHERINE GRISS is passionate about skin care and people's health. Over ten years ago she had a miscarriage, this led to an indepth conversation with her doctor and found to her horror some ingredients in our unregulated cosmetic industry can lead to ... READ MORE
Social Media Marketing World Event was a Resounding Success!
Marketers along wth a small percentage of small busness owners arrived from 31 countries to attend the first #smmw13 event ever. This International Social Media Networking / training workshop event was hosted by the CEO / Founder Mike Stelzner along ... READ MORE
What is a Emergency Plan?
Emergency Management and Recovery Plan Did ... READ MORE
End of Financial Year Small Business Checklist
Where has this year gone? I know that is what I am saying, and hearing and yet, the end of the financial year is fast approaching. Are your financials all set for your accountant? Are they shoved into a shoebox, glove compartment or filed away? Regardless ... READ MORE
It's all about the people!
Driving down to the Gold Coast from Brisbane, I had downloaded a podcast or two from Social Media Examiner, and listened to Micheal Stelzner's calming voice introduce an episode about instagram. My stomach was empty, as I felt sick with apprehension ... READ MORE
LinkedIn Recommendations in 5 Easy Steps
Recently I was asked, "How do I post a recommendation ... READ MORE
What is Xerocon? It is a annual conference hosted by an online accounting software called Xero. They host this event for Accountants, Financial Advisers and Bookkeepers for an opportunity to network, conduct training and meet with add-on partners ... READ MORE