How Australian Businesses Can Shield Themselves from Email Phishing
According to the Australian Taxation Office, phishing by fraudsters through email and SMS is on the rise, especially during the tax lodging season. Fraudsters, pretending to be the ATO, send emails and sms that encourages people to click on the link. These messages are about their tax lodging status. What is Email Phishing? Email phishing […]
Budgeting Software and Applications Used by Small Business Owners and Startups
A budget is the basis where the business must operate within its financial capacity in maintaining its operations that encompasses mainly: through supply acquisition that involves, buying or acquiring the necessary inventory items as consumable from vendors or retailers. The budget also covers financial operations intended for maintaining overhead costs such as staff payroll and […]
Disruptive Technologies that Propel Innovation in Accounting
Accounting software and Enterprise Resource Planning (ERP) softwares have changed the whole landscape of finance and commerce since their inception. As progress marches on and innovation being at the forefront of disrupting the current accounting and financial industry, newer or more nascent technologies are being deployed to fuel innovation by mainly, service providers to offer […]
Why Startups Should Consider Accounting Software from the Get Go
In today’s technology propelled business and commercial landscape, digitised processes have transform how we manage information — including our financial control and utilization for the better. In going digital across key business processes such as information keeping, sales, bookkeeping, accounting and financial reporting, we are able to streamline and make efficient such processes. In going […]
How to Work Efficiently with an Accounting Firm
The small business enterprise (SME) market comprise of 98 per cent of Australia’s businesses according to the Australian government. A sizable scale of these SMEs that are leaning to the “smaller scale” side of the business size often work with a dedicated accounting professional or an accounting firm to fulfill their financial and taxation obligations. […]
Tax Preparation Checklist for Business Owners
Tax season is a time where business owners and accountants alike are making the necessary steps to comply with government taxation laws and its requirements. It is a time where accumulated receipts, income records, documented claims, asset movements, liabilities, bank statements are all taken into account prior to the submission of tax returns. Activities does […]