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Whether you use MYOB / Quickbooks, or you need Software Training for your small business in and around Ormeau, Yatala, Coomera, Eagleby and Beenleigh, South East Queensland, Australia, we are here to help. Contact our Ormeau team of mobile book-keepers now Read more… »

Business Activity Statements (BAS), for business owners reporting quarterly, are due on 28 July 2009.

For many small business owners, and especially for their bookkeepers, July is always a busy time of year around Ormeau, Yatala, Coomera, Eagleby and Beenleigh.

With end of financial year reporting, together with reporting of the 01 April to 30 June quarter BAS due 28 July, businesses that are behind in their paperwork can struggle under extra pressure that they really do not need – contact our Ormeau, Yatala, Coomera, Eagleby and Beenleigh bookkeeping service today for help with your BAS

Cash flow has certainly tightened up in the economy. As bookkeepers, we’ve seen that invoice payments are being dragged out longer and longer, as suppliers wait to be paid by customers, and service providers wait to be paid by their clients.

Some small business owners use their GST money as cash-flow for their business, forgetting that these GST funds are monies collected by the business on behalf of the federal government – then they seem shocked that they have no cash to pay what’s owing on their BAS lodgement

The phone’s been ringing as desperate business owners in a panic wanting our Ormeau, Yatala, Coomera, Eagleby and Beenleigh bookkeeping service to help with their MYOB and Quickbooks files. In most cases, they can simply email us the files and we’ll have a look at their reporting and can generally work out where the problems are within a short time

One lady contacted our Ormeau, Yatala, Coomera, Eagleby and Beenleigh bookkeeping service after spending two days trying to reconcile her Quickbooks bank accounts. We had a look at her file and solved the problem in 35 minutes. Look at the time and stress she would have saved if she had contacted our bookkeeping company when she first noticed that there was a problem

As a small business owner we encourage you to focus on what you do best, and we’ll do the rest – contact our Ormeau, Yatala, Coomera, Eagleby and Beenleigh bookkeeping service today for help with your BAS

Is your bookkeeping upto date for your tax return? July and August are busy months for many registered tax agents – as individuals hurry to lodge their income tax returns in the hope that they’ve been paying too much PAYG tax and hope to get a tax refund.

This time of year brings many enquiries for our bookkeeping service. The main questions are, for a basic Tax Return: “How Long, and How Much Fees?”

Stroll through any large shopping centre, and you’ll see that centre management have rented out the floor space in the middle of the mall to tax agents who’ve set themselves up like a fast-food outfit.

Wham, Bham, thank you, ma’am, and it’s all over!

Get ‘em in, sit ‘em down, fill in a form, and click a button …. Gone!!

We get quite a few enquiries from individuals, on a salary, with little expenses that they can claim, so their tax return is very straight forward. We are not registered Tax Agents and cannot advise / lodge tax returns on their behalf.

Normally if you go to a shopping centre you’ll most likely find a registered tax agent – they’ll most likely set up a table at this time of year, and be sitting with their laptop waiting for the next customer to come along – costs about $100 and takes about 20 minutes, with about 3 or 4 weeks to get answer from ATO

Some of these tax agents only operate for a few months of the year, specifically to help individuals with their tax returns.

Small business owners may find that the service offered by these quick-fix-tax-return booths are not set up to handle your needs, and that’s where a mobile bookkeeping service such as ours can be of great benefit to you

As bookkeepers, we can help with any bookkeeping requirements you may have, so please feel free to contactour Ormeau, Yatala, Coomera, Eagleby and Beenleigh bookkeeping service today for help with your bookkeeping setup

The Rudd Government is helping small businesses with the Small Business and General Business Tax Break. How does this help your small business?

The package is such that small businesses can claim a bonus 50 per cent tax deduction for eligible assets costing more than $1,000 acquired from 13 December 2008 until 31 December 2009, and installed ready for use by 31 December 2010.

To benefit from this Tax Break a small business must have a turnover of less than $2.0 million a year.

Forget the tax break, shop at your locally owned store

This may look good on paper, but unless you actually need to make any investment in capital purchases such as motor vehicles or equipment, how does it actually help small business?

It certainly helps large businesses – the suppliers of motor vehicles, national stationary / office equipment suppliers, hardly normal electical chain stores and the like, but how does it help you, the small business owner in Robina or Burleigh?

Speaking to an accountant of one of our bookkeeping clients recently, he said that whilst the incentive looks very rosy, you should actually look at the costs involved in the purchase of a new vehicle.

Taking all things into consideration for this particular client, the client was going to be worse off purchasing a new vehicle compared to finding a cheaper second-hand vehicle

Unless you want to buy some equipment, it seems that the Rudd government is doing little to REALLY help small business. It’s helped the Big Four Banks with it’s bank guarantee. It’s helped the Big Supermarkets by scrapping the consumer price-choice website so that it’s harder to see that consumers are being ripped off.

The Australian Government and State Governments are helping the construction industry by announcing massive infrastructure packages – contracts that will be doubtless won by Big Construction Companies

So what can the small business owner to benefit from the Rudd Government’s stimulus packages?

Many small business owners are understandably looking to save money wherever they can, believing that’s the only way that they can increase their income.

Yet at the sametime, they also want to increase their turnover by attracting more customers or upselling existing customers. Small business should support small-to-medium enterprise (SME), a concept that the Australian Federal Government seems to fail to comprehend.

Why do small business owners have a problem with supporting other small-to-medium enterprises?

Many small business owners support the Big Supermarkets by buying all their groceries to take advantage of the shopper dockets to get discount fuel.

Instead of supporting small independent green-grocers or butchers, those same clients, rather than paying a few cents more (perhaps) for fuel from independent service station operators support the Big Service Station chains

Those same small business owners are the first to complain that potential customers are going to the large companies or multi-nationals instead of shopping from them

Maybe we should stop pointing the finger at other people, and start asking ourselves, why do small businesses have a problem trading with other small businesses?

Do large companies really care about the local Yatala, Coomera, Eagleby or Beenleigh business owner? Not when the head office is in Sydney, Melbourne or even overseas

The positive effect on the local economy would be far wider reaching than all of those small business owners that continue to support large companies who are only interested in making huge profits for their shareholders (many of whom are large multi-nationals themselves).

Go shopping at your local independantly owned business, take business away from large corporations and bring back competition to the market place – you’ll be helping the local econmy whch will in-turn help your own small business. It’s a short term cost for a long term gain.