Business Bookkeeping | Business Accountants - Tax Accounting Adelaide

What makes a good leader in business

Leadership in your business In this post we are going to look at what makes a good leader, what makes a bad leader and what different leadership styles there are in business. Here are some ideas on how some business owners approach leadership and examples of leadership tips. A good leader is influencing not…

common mistakes in accounting

10 common management mistakes in accounting for businesses 1. ” a good business owner does not run a business blindly with out knowing your accounting scoreboard” For those of you that know our firm, you would most likely have heard us stress the huge importance of a business having accurate and timely information to…

Using Technology as an Ally in Business

Good businesses use technology well. I guess we would have all seen a few changes lately with things like the internet, social media or even our smart phones massively changing our lives. With more technology we are seeing more comfort in our fast paced lives whether we are driving, watching television or running our businesses.…

What worked in your business

Revealed -Business owners share their most effective secrets Many business owners may not necessarily be doing everything right, but they certainly are to people to ask about what does and doesn’t work in the business world. At our recent business networking event we discussed the topic of what things they did that brought them greatest…

Book keeping what to do in the new financial year

What to do at the start of the new financial year Here is a simple checklist to make sure you start your new financial year well and with good bookkeeping. Happy new financial year from Tax Accounting Adelaide. For help with your new financial new year call for an appointment on 08 83374460 or book…

Business basics for newly arrived Australians

Tax basics for those newly arrived in Australia starting a business Apply for an ABN Apply for an Australian Business Number to comply with the Australian tax laws Produce a complying tax invoice for your sales Do you need a trading name? A business name other than your name needs to be registered Choose an…

Bookkeeping by Spreadsheets versus accounting software

Should you move from spreadsheets to accounting software… Why should I move from spreadsheet bookkeeping to using accounting software? I am often asked when businesses are new or fairly new, if they should do their bookkeeping in a spreadsheet and probably not sure why using accounting software like Xero could actually be beneficial. Yes doing…

Getting your staff right and retained

How to hire the right staff Here is some guidance on how to hire good staff and make it work well for your business. clearly define a role with the position description spend time developing staff managing a business sounds very hard but is hard if you have to do it all your self share…

Simple ways to save on losing money on bad debts

How to avoid bad debts Here are some tips on the topic how to avoid nasty bad debts: It’s very important to have an engagement letter which outlines your price and scope of services fully, make sure this is legally signed before you proceed work. Include a clause which states that you will pass on…

30000 Immediate Asset Write Off

Good news the instant asset write off for 20k is now 30k. As we have explained before, it is a tax deduction for small business and not a refund. Small business means you must have turnover of less than $2m. Small businesses can immediately deduct one or more assets costing less than $20,000 purchased (ready…