It’s not news that QuickBooks is widely used among small business owners. When I started my business, I realized my limited knowledge of QuickBooks put me at a disadvantage. To grow, I needed to understand what was important to my clients. That was QuickBooks. Today, I’ll discuss the valuable resources provided by Intuit that are […]
Outsourcing payroll – 5 ways it can help you
When you start a business, you’re typically your only employee and payroll is about as simple as it gets. But as you grow, you hopefully find yourself in the position of needing to take on more team members. Before you know it, what was once a very straightforward task becomes a giant undertaking that’s […]
Business Update – 28 June 2023
Welcome to our Monthly Digest – stay in the know with some recent news updates relevant to business and the economy. Small business skills and training boost Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction for external training courses delivered to employees by […]
Comparing Accounting Methods For Small Businesses
If you’re like most small business owners, you probably haven’t put much thought into accounting methods. You may or may not even be aware that you have options when deciding how to do your accounting and that your choices will impact how you produce your financial statements and file your taxes. What is an accounting […]
The Best Integration Apps for Law Firms for Quickbooks Online
Law firms face new challenges every day as technology advances and security becomes more and more important. With the new remote work environment, it is essential that workflow processes keep up with the changes. This equates to eliminating manual work, maximizing performance, and helps to strengthen case victories.
IRS updates list of automatic accounting method changes
The IRS on Thursday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13 apply. The list includes 29 changes that the Service describes as significant.
Bookkeepers: What you need to know about legal entities and owner compensation
Are you ready to take your bookkeeping knowledge to the next level? As bookkeepers, our clients come in an assorted variety of legal entities. Legal entities and owner compensation might not sound like the most exciting topic, but trust me, it’s essential knowledge for any bookkeeper looking to grow, gain confidence, or tackle clean-up projects. […]
Managing Stress and Burnout
In July 2021 I had a heart attack. It wasn’t due to the usual causes of high blood pressure, high cholesterol, excess weight, etc. It was caused by stress. Yes, stress literally can kill you! I was your typical over thinker, over stresser, with a little anxiety thrown in for good measure. But after […]
Superannuation Guarantee Increase – 1 July 2023
For small business owners and payroll managers, staying up-to-date on the latest superannuation changes is essential. And, with the Australian Superannuation Guarantee increase happening from 1st July 2023, it’s important to understand what this means and how it could affect your business. As an employer, this increase, and subsequent increases, will have an impact […]
Business Update – 30 May 2023
Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. ‘Most significant’ scam targeting Aussies Scammers have taken advantage of the secondhand sale market by using a PayID scam to steal over $260,000. The scam involves the scammers creating fake PayID accounts and using them […]