Got a tax debt? Make a payment arrangement!
Recently one of my clients rang me because her business activity debt was very high and she was panicking because she was unable to pay
Louise McLoughlin
10 December 2014
Our Blog
Welcome to our bookkeeping blog! We share bookkeeping tips, software updates and the latest news from the ATO. Sometimes we get a bit cheeky and let you know what we really think about this industry, but we try to behave ourselves most of the time! Enjoy the read and if you’re looking for anything in particular, hit the search button above.
Looking for a BAS or Tax Agent? Look for the registered agent symbol first!
Recently the Tax Practitioners Board (TPB) (governing body for BAS & Tax Agents) released a special symbol or logo to all BAS and Tax Agents
Louise McLoughlin
3 December 2014
The GST treatment of a Hire Purchase agreement
Last week’s blog was all about Chattel Mortgages, what they are and how to account for them in your general ledger. This week I am
Louise McLoughlin
25 November 2014
The bookkeeping behind an asset purchase via a Chattel Mortgage
It is very common for businesses to purchase major assets such as motor vehicles via a loan. They can use a commercial bank loan but
Louise McLoughlin
19 November 2014
The Profit & Loss Statement Explained
Last week I reviewed the workings of a balance sheet and showed you how you can use it to make better decisions for your business.
Louise McLoughlin
5 November 2014
Balance Sheets Explained
In our last 2 blogs, we explored the chart of accounts. We looked at the accounts within the chart in detail and explained that each
Louise McLoughlin
29 October 2014
Chart of Accounts Explained Part 2
This is part 2 of a two-part blog which will give you an in-depth explanation about the working parts of a chart of accounts. Revisiting,
Louise McLoughlin
21 October 2014
Chart of Accounts Explained Part 1
The chart of accounts is simply a list of all of the account types you might use when recording your business income and expenditure activities.
Louise McLoughlin
15 October 2014
Chart of accounts FREE download!
The foundation of any good accounting system is the chart or list of accounts. A good accounts list will enable you to accurately account for
Louise McLoughlin
8 October 2014