Bookkeeping and why your business needs it.

Bookkeeping is an essential business function in all businesses. Whether your business is a startup business or an established business, the need for accurate and timely bookkeeping and business finance management should not be underestimated.   In Episode 8 of the Small Business All Figured Out podcast, Corinne Cole and Sheryl Cole talk about what…

Are you ready to start a business? (Part 1)

As small business accountants in Melbourne who work with hundreds of small business owners, we know what it takes to successfully start a business. Starting a business can be a very rewarding journey, when done right. It can also be a costly and stressful experience when not done right.    When we were planning out…

Single touch payroll exemption for eligible employers

Single touch payroll exemption for directors and family members   The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees. Single touch payroll (STP) was extended to cover all employers on 1 July 2019. For directors of their own company or for family businesses employing family…