In this article we will give you 10 advices which you could follow when preparing accounts for your business. We understand that as a small business owner, you are packed with work and busy managing your business. With all that in mind, maintaining and preparing...

It can be difficult for a contractor to maintain the books and do the taxes for the business by his own. Especially since a contractor would spend most of his time on the road and on construction sites. A contractor would carry out several projects at the same time...

Do you know why the Australian Taxation Office (ATO) would issue a Director Penalty Notice (DPN)? The directors have the legal responsibility to ensure that their company meets the taxation obligations. Under several circumstances the directors will be held personally...

If you are planning to start a new business, you should know that there are four types of business structures. It is important to identify the most suitable business structure for your business before starting it. Each business structure has different characteristics...

Tax accounting is crucial for any kind of business, including construction contractors who are liable to pay taxes. If a business fails to declare the revenue and pay the due taxes, then the business and its owners could face legal issues. The construction businesses...

Are you in a doubt whether to hire a professional bookkeeping service? Regardless your business is sole proprietorship, partnership, or a company in any scale, financial records are highly essential. Financial records are the fortune tellers of the business sector but...