Tuesday, 19 July 2016
In the world of business, money matters, and one small mistake with your financials can lead to bigger complications. Take for example what happened with tech giant Toshiba: an accounting scandal forced its CEO and other senior officials to resign. Upon closer examination, it has been found that the company has been inflating its profits by $1.2 billion over several years. In the same way that a company of this size and standing should have been more rigorous with its accounting standards, we are passionate about assisting startups and small companies in Aspley and surrounding Brisbane northside suburbs to be more accurate and diligent. Fortunately, these sorts of isses can be avoided by taking certain precautions and working closely with an experienced accountant. Here are some steps businesses can take to avoid running into financial trouble.
Monday, 18 July 2016
As an entrepreneur, working on your taxes is can be quite the challenge especially when your books are not up to date. When you have income flowing from different sources and there are various deductions involved, it is advisable to have an accountant prepare your taxes. In fact, without an accountant you are likely to make many mistakes that will cost you. With professional help, however, you don’t get to think about your taxes. If you live in North Brisbane, as tax accountants servicing Aspley and surrounding suburbs, we can record all your financial transactions and give you necessary advice on their tax implications.
Thursday, 12 May 2016
For any small business or sole trader, the temptation to dispense with an accountant and just complete one's tax return independently is quite a lure. Financially it makes sense, as no fees need to be paid. You can do it in your own time, rather than wait for someone else to become available, and it also means you don't have to divulge your information to someone you don't know and perhaps don't trust. However, there are also a great number of reasons why this can also be a bad decision. Cost of DIY Tax Filing Mistakes can happen. Most small business owners and sole traders are not accountants by trade. They have not been to any accountancy training, and so reliability is not guaranteed.