About Me

Counting Together: The Benefit of Visiting an Accountant

Hello, my name is Paul. I live with my wife and child in Western Australia. While I love operating my small business, I do not love keeping the books in order. For a long time, I tried to do the accounts myself. I thought I was doing a pretty good job. However, when I got a call from the tax office saying they would like to conduct an audit, my heart skipped a beat. I was really worried they would find an error and that I would end up in serious trouble. My friend recommended an accountancy firm. I contacted them and they went over my books to make sure they were in good order. They also taught me some great bookkeeping skills. This blog is designed to help others avoid the mistakes I made.

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4 Tips to Effectively Outsource Bookkeeping and Accounting Services for Your Small Business

Posted on October 6, 2020

Small businesses rarely have the resources to hire full-time bookkeepers and accountants. Therefore, outsourcing these services becomes a more viable solution. Outsourcing allows you to access expert services without paying salaries and other employee benefits. It is also time effective and allows small business owners to focus on core management roles.  Before you outsource bookkeeping and accounting services, here are four tips on how to go about it. 1. Match your needs to the budget [Read More]

New Business Owner? Remember That You're Not a Tax Expert

Posted on March 13, 2019

Every year, many people decide that they are going to strike out on their own and become self-employed. Sometimes, this is a big change and will only come after decades of employment where they answered to another individual and did not have to take crucial decisions related to the business as a whole. If you're in this position now, then you may be looking forward to a new life ahead, but you should make sure that you don't fall into the trap that many people in your situation encounter. [Read More]

How to Address Some of Your Monthly Money Woes

Posted on September 7, 2018

It is said that money makes the world go around, and while it may be true, money can certainly present problems for the average Australian household from time to time. One of the biggest monetary obstacles in any family's life is often a mortgage, and this can represent a sizeable part of any monthly budget. If you despair when you think about those monthly repayments that never end, how can you be proactive and take some steps to reduce this stress? [Read More]

Accountants Help Your Business Keep Better Track of Its Finances

Posted on January 2, 2018

The key behind the growth of any business is proper financial management. This means keeping good track of what your business is spending money on, how much it is making, and what its margins are. Keeping close track of these finances sounds easier than it actually is. Indeed, many business owners choose to go it alone when managing their books. Unfortunately, this often results in costly mistakes and inefficiencies in how the business is operated. [Read More]