Accounting

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How can I protect myself from late payment problems?

10:00AM | Tuesday, 29 October 2013 |  Don’t let your best customer become your worst customer – the more indebted a particular customer is to you, the less you can afford to offend them.

How should I go about hiring a part-time bookkeeper?

7:00AM | Wednesday, 10 July 2013 |  Finding someone you can trust and rely on to handle your books is not a decision you should make lightly.

I doubt that my turnover will initially be more than $75,000. Should I register for GST?

10:39AM | Wednesday, 20 October 2010 |  If you do not exceed the thresholds, you can voluntarily register for GST provided that the consultancy is a bona fide commercial operation.

Should I hire the “generalists” or the “specialists”?

11:03PM | Monday, 15 November 2010 |  Figure out what your weaknesses are before you start the recruitment process, then hire for the long-term.

Get in touch with your accountant

5:00AM | Thursday, 3 May 2012 |  If you are a start-up and are new at dealing with EOFY tax matters, it’s a great idea to get in touch with your accountant and start talking about what you need to do before June 30.

Can accountancy software replace an accountant?

3:50PM | Monday, 26 March 2012 |  Owning a cordless drill does not magically make you an experienced carpenter. The same goes for accounting software.

Spot-check your accounting processes

1:00AM | Friday, 13 January 2012 |  Knowing the boss does the occasional spot-check lets your staff know how seriously you take your business’s accounting measures.

Unemployment spike could spawn more start-ups

11:26PM | Wednesday, 30 November 2011 |  People who start a business after being laid off need to manage their emotions as much as their finances, an expert says, in the wake of a Federal Government forecast of a rise in unemployment.

Make sure you’ve got a will in place

9:20PM | Wednesday, 14 September 2011 |  In light of the legal battle over Richard Pratt’s estate, it’s worth asking the question – what shape is your own will and estate planning in?

Accountants look for non-cash incentives: Report

8:11PM | Friday, 12 August 2011 |  Salary is just one element accountants consider when applying for a job, a new survey shows, suggesting start-ups should offer non-cash benefits as the war for accounting talent continues.
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