Let’s talk about one of the sneakiest traps small business owners fall into… Assuming they know what the heck they are talking about. I was chatting with a small business owner this week who said, “I know I’m making good money — there’s still cash in the bank!” Cue the classic accountant eyebrow raise. When we dug a little deeper, we discovered that the “profit” in the bank actually included… Read more
Why You Absolutely, Positively, 100% Need to Keep Your Business Receipts (and How to Do It Without Losing Your Mind) Picture this: it’s tax time. You’re sipping your third coffee of the morning, scrolling through your bank transactions, and you come across a $129 charge from Officeworks. Was that for client supplies, kids school supplies, printing family photos… or your new “ergonomic” chair that’s now just holding your laundry? Suddenly,… Read more
The end of the tax year is right around the corner and though you may be dreading 30 June, there are things you can do to feel better prepared and make the most of your tax deductions. Because this year has been different for many people in terms of their employment situation, there are changes to tax reporting that may affect you. Here are some things to know about your… Read more
Clker-Free-Vector-Images / Pixabay Dear Mr JB Hi-Fi Firstly, congrats on a great range of laptops in your Airport West store. You see, this week my laptop decided to go to laptop heaven. So, in a mad Friday 3pm dash I did the rounds of technology shops. To be honest, I really don’t understand computer specifications, so I need to ask for advice and get help (and try not to get… Read more
“GST – sure you can google it, but is the answer accurate and are you even asking the right question?” You see, in all my 17 year of working in accounting and finance I think I have seen every mistake or error under the sun, so nothing surprises me too much anymore. However it is since the introduction of GST in 2000 that I have seen some real doozies. Sometimes… Read more