Running an agricultural business is very different from running any other type of business. Therefore your bookkeeping is going to be managed differently too. It doesn’t matter whether you have a couple of sheep on a few acres as a hobby farm or whether you are a large…
Xero has teamed up with Stripe in order to help you and your business get paid sooner. Your invoices can get paid using their preferred payment methods and therefore, you’ll improve your cash flow. As they say, it doesn’t count until the money is in the bank. Setting…
The due date for your Taxable Payment Annual report (TPAR) is the 28th of August for the last financial year. TPAR tells the ATO about payments that have been made to contractors providing services. You may need to lodge a TPAR every year is you are a: Business…
Invoicing as soon as possible for products and services provided should be a high priority within your business. Invoice management will be a crucial part of your business – as they say, cash flow is king and you can’t get paid if you have not invoiced! While…
It is that time of year again when we start to consider tax returns. Part of planning and understanding your tax return is knowing what your work-related expenses are. Many employees and business-owners (such as those who are self-employed) are able to claim deductions in their tax return…