An accountant or bookkeeper will free you up to focus on your core business. Plus they’ll allow you to spend more time with family and friends, which is a really great perk of making a good business decision. Owner-managed businesses often do their own accounting and bookkeeping to try and save money. This Xero Small Business Guide explains why you need to get an accountant or bookkeeper, and how to get the best value out of using one. https://www.xero.com/au/small-business-guides/accounting/why-you-need-an-accountant/
Contact us if you require any assistance www.smartbusinesssolutions.com.au 0359 11 7000
Reflecting on the past 6 months, particularly since the effect of Coronavirus on financial markets, I am concerned that many investors do not have a clear and tailored investment strategy. My observations are that investors seem to be failing to understand one basic investment principle; 'The higher the return the higher the risk’.
The updated alternative tests released by the Commissioner of Taxation are broadly similar to the alternative tests that were released in connection with the original decline in turnover test. However, there are some key differences.
To access JobKeeper payments from 28 September 2020, there are three questions that need to be assessed:
Is my business eligible? Am I and/or my employees eligible? and What JobKeeper rate applies?
We’ve summarised the key details in this update.