3 Reasons to Hire Professional Tax Accountants for Your Small Business


Tax accounting professionals tackle more than just your business's tax returns. They can advise you on legislative matters that directly impact your business. Additionally, they can supervise and prepare tax compliance reports for your company. Tax accountants can provide feedback on various budgetary concerns.  If you're operating your business venture without the help of a professional tax accountant, you're missing out on numerous benefits. Moreover, if you're still in doubt whether hiring a tax accountant is healthy for your business, keep reading to learn three reasons why you should enlist one today.

29 August 2022

Do You Have Too Close a Relationship with Your Contractors?


Whenever a business owner relies on both employees and independent contractors to help them run their operation, they need to be particularly careful. Otherwise, they may run into trouble with the tax authorities and other organisations, which could end up being very costly. If you're in this situation but haven't paid too much attention to categorisation and the difference between these types of work, what should you know? Employee Responsibilities

21 March 2022

Why an Accountant Can Be More Than Just a Number Cruncher


If you have tried to maintain your books and accounts yourself during your formative growth years, you may not have worked with an accountant before. You may have thought that you could get by and that an accountant would only help you with your end-of-year returns. However, this could be a shortsighted approach if you want your business to grow and prosper while keeping costs in check. How can an accountant help you with your general business management needs as well?

5 November 2021

3 Things that a Great Bookkeeper Will Do for Your Small Business


There is nothing more exhilarating than starting a small business venture. When you start the business, you may rarely think about some of the fine details of running it. However, as it expands, you might realise that you do not have the time, skill and expertise to handle some of its functions. It is always advisable to hire competent professionals to handle the crucial business functions. Below is how a bookkeeper will help your business succeed.

25 August 2021

4 Financial Management Mistakes to Avoid


Many factors contribute to the fall of a business, including bad customer service or poor marketing tactics. The only way a business owner can ensure a healthy profit margin every year is to control their cash flow. But many businesses make financial management mistakes due to poor planning. Most of them underestimate the cost of starting and running a business.  Therefore, it is imperative to learn the financial management mistakes you must avoid to keep your firm running, and here are some of them.

26 May 2021

3 Reasons Why Your Small Business Needs a Professional Tax Accountant


Most people think that starting a business is the hardest part of the process. However, the real challenge lies in coming up with the ideal business development strategies to help with business expansion. As an entrepreneur, you might feel financially constrained, which might bar you from hiring strategists and other business development specialists. However, some business expenses will do more to help with business growth than what you will pay for their services.

5 January 2021

Does Your Overseas Business Count As a Permanent Establishment in Australia?


If you are an overseas citizen or entity and want to conduct some business in Australia, you need to ensure that you conform with the various (and often complicated) tax laws. Some of these regulations are designed to clamp down on loopholes that may have been exploited by foreign firms in the past. Consequently, you need to be particularly careful to determine whether your operation can be classified as a 'permanent establishment' or not.

25 September 2020