Posts

  • 3 Ways an Accountant Can Influence Growth in Your E-Commerce Business


    Do you need to hire an accountant when running an eCommerce business? Yes, you do! Most people think they need to hire a professional accountant only when they have physical businesses. However, professional accounting services are also critical in the eCommerce industry.  The eCommerce world or industry has gained enormous growth in the modern world, and the number of people running eCommerce businesses has also increased. Even if you interact with your customers through the online platforms, you still need the services of a professional accountant for these three reasons.
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  • How to File Your Australia Taxes When Working Abroad


    If you're an Australian citizen working overseas, don't forget that you need to file your taxes in time. Even if you're not physically present in the country, you may still need to pay property taxes, taxes on investments and even business taxes (on any companies that you own). It can be challenging to keep up with tax requirements when living abroad. And if you neglect your tax obligations, fines and penalties may accumulate faster than you think.
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  • As a Small Business Owner, Do You Really Know Your Numbers?


    It's amazing how many small business owners fly by the seat of their pants when it comes to managing their operation. They may feel as if they are in control and may be confident for the future, but often they are simply working on a hunch and don't have immediate access to some all-important metrics. This type of approach may be okay on some occasions, but if anything were to go wrong, how quickly would they be able to respond and potentially save their company?
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  • How to Be as Charitable as Possible With Less Effort


    If you are philanthropic in nature, you will always be looking for ways to donate money to your favourite charities. As the tax authorities often permit such giving to be offset against your annual liabilities, it makes sense to consider all of the various options open to you. Are you aware of public ancillary funds? How can this type of vehicle help you to help others, while maximising your tax advantage and cutting down on your administrative burden?
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  • Three Reasons Every Freelance Creative Needs An Accountant


    Freelance working is a dream for many creatives. Actors, writers, artists and craftspeople often love the idea of not having to answer to anybody; when you work freelance, your creativity is at the centre of everything you do, and many people whose talents lie in this area are strongly motivated by the idea of setting their own schedules. The trouble starts around tax time, though: If you're not the sort of person who keeps impeccable records and has a thorough understanding of business procedure, you might find the idea of dealing with your own financial year end a daunting one.
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  • Signs It May Be Time to Hire an Accountant


    Handling your own taxes is typically legal and acceptable and is perhaps even the most popular choice for many individuals in many areas. While you might think it's the best option since it means saving the cost of hiring an accountant, sometimes it's better to rely on the services of a professional. Not only can you be assured that your taxes are done right, but you might actually wind up saving more money in the long run!
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  • 4 Traits To Look For When Seeking An Accountant For Your Business


    An accountant is a valuable asset for any business. They can offer a raft of services that can move your business ahead within the industry. For example, they can help you structure your business entity in a way that limits risks and expenditure. They can also handle your finances and books of accounts as well as offer advice on taxation, superannuation, wealth creation and other financial pillars critical to your business.
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  • When You Need the Services of a Chartered Accountant


    Not every accounting or financial transaction of your business needs to be handled by a chartered accountant, but you never want to avoid hiring such a professional when they are needed. This can mean ensuring that your tax paperwork is handled properly and that you always understand the finances of your business. Note a few times when you need to consider hiring a chartered accountant for your business or the plans you have for starting a business.
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  • Understanding the Details of a Self-Managed Superannuation Fund


    A self-managed superannuation fund is a good way to save for retirement while still having complete control over your finances. Unlike other annual funds, when you choose a self-managed superannuation fund, you are responsible for handling how it operates and all decisions made by the fund itself. Note a few details about how this fund operates and what you should do to ensure it's set up legally and that the fund itself is protected.
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  • Single Mums: Five Financial Things You Need to Do Immediately After a Divorce


    If you have just split with your partner and are panicking about finances, you need to take a deep breath. Become a single mum is hard on a range of levels, but when it comes to your finances, it can be especially hard. To keep everything under control, get started with financial planning as soon as possible with these tips: 1. File for child support immediately Even if your split is not permanent yet, don't let months go by without collecting cash.
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